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EarlofAim - do you stand by the $2,000 Billion dollars of reserves that you quoted yesterday ?

Not long now Lionel

Sanchez - thanks for reminding me about that Video - it is also a very useful reminder of how the Vanadium price spike kicked off approximately 4 weeks after it was revealed at the manchester Vanitec meeting that the Chinese had agreed to new binding leveks of Vanadium in their rebar grades.

Well they would have to increase by around 1000% just to match one of Bushveld's established producing mines.

The 24 million tonnes of ore that FAR quotes as its resource is quoted as 0.68% V2O5 ( see here - http://www.ferro-alloy.com/en/project/mineral-resource/ )

V2O5 is only 56% Vanadium by mass so this equates to 91, 392 Tonnes of contained Vanadium

You can compare this with Bushveld Vametco which is quoted at 186.7 Million Tonnes of ore at 0.78% V2O5 = 812,000 Tonnes of contained Vanadium (9 times larger) - https://polaris.brighterir.com/public/bushveld_minerals/news/rns/story/w3ol6yw

or Largo Resources 49.25 Million Tonnes of ore at 0.99% V2O5 grade = 272,720 Tonnes of contained Vanadium ( 3 times larger) - https://s22.q4cdn.com/197308373/files/doc_downloads/maracas/NI43-101TechRpt(MaracasMen)-Nov8.pdf

or Bushveld Mokopane 297.2 Million Tonnes of ore at 0.68% grade = 1,135,000 Tonnes of contained Vanadium (12.5 times larger) - http://otp.investis.com/clients/uk/bushveld_minerals/rns/regulatory-story.aspx?cid=1344&newsid=652522

The first notification that a notifiable threshold was crossed was on the 19th Oct 2018 when a 44.7M holding was revealed.

The SP at that time was around 29p

EarlofAIM - you need to multiply your numbers by 0.68 / 100 and then by 0.56 to get the actual contained Vanadium in the resource.

Laughable nonsense to suggest this company is worth 1,000 Billion dollars. Utter nonsense.

23 Million tonnes of ore at 0.68%

http://www.ferro-alloy.com/en/project/mineral-resource/

If that is correct then it indicates a run-rate of 1 million shares a day for the last 3 weeks - i.e. only two weeks or so to go - all over before the start of November.

exactly Cowboy - first there is the 1.44 GWh Eskom Battery Storage projects - Phase 1, Project 1 is for the 80MW/320MWh Battery for the Sere windfarm, also referred to as Skaapvlei - this closes 21st Oct

https://www.energy-storage.news/news/south-africas-eskom-opens-tender-for-80mw-320mwh-battery-storage

The 2GW RMIPPPP proposals are on top of this and require despatchable power between 5AM and 9:30PM ( https://www.ipp-rm.co.za/

Careful bunny - you really need to learn a bit more about how a Vanadium Flow Battery actually works.

There are some introductory articles here:- https://www.thebushveldperspective.com/blog/public-articles-1/tag/vrfb-83/page/2

The video is here:- https://www.youtube.com/watch?v=i34kgHfMP5E&feature=emb_logo

the slides are also available here:- https://www.cesa.org/wp-content/uploads/CESA-webinar-9-24-20-slides.pdf

They describe a number of grants for businesses that are simply laboratory scale demonstration and technology scale-up but then they get to real commercial systems at around 18mins and 30 seconds - the c. 60 Million dollars of funding for Demonstrating Long Duration and Title 24-Compatible Energy Storage Technologies (pages 12 and 13]:

Here you can see Invinity VRFB + Flywheel storage for the Luiseno Indian reservation Casino and Resort 400 kWH x 10 hours - 4MWh

plus also the Invinity VRFB for Camp Pendleton Military base - initially 50kW x 10 hours but then 400 kW x 10 hours after assessment

plus also the Invinity VRFB for the Sobaba Fire Department - 50kW x 10 hours = 0.5 MWh

Of these I think the military one is the most interesting - VRFB's have long been used in military applications because of their mobility and ruggedness, not something that can be said for large scale flywheel storage. Once the military sees that they can ruggedise their sites using VRFBs they will want them everywhere.

And then the datacentres will want the same too.

It is worth going back to see what BBN's original tweets actually said:-

An interesting article giving minor insight into why California policy makers see "flow batteries," as necessary for their future energy storage needs.

Remember we are talking about a state that is the 5th largest economy in the world.

Its a matter of time only. . . #BMN

The above article appeared on 5th Oct, talking up installing "2,400 megawatts of energy storage in the next two years" and it being a mere fraction of the "20,000 to 30,000 MW Gravely expects the state to need by 2045."

More importantly the key message was that ;

"flow batteries and other types of technologies can provide that 12 hours of storage for a much cheaper price” than litium-ion.

Then 2 days later #IES announced their deal with the very same "California Energy Commission" to supply 7.8MWh of batteries, which IES hailed as ;

"an enormous vote of confidence in Invinity's vanadium flow batteries."

And who has first refusal on vanadium/electrolyte supply to IES, why #BMN of course.

A truly significant moment for VRFBs, IES and indeed their partner Bushveld Minerals.

James - it would appear that they are talking about three different startup companies with three different battery chemistries.

James without a link I cannot comments on what they are talking about. I don't think that there are solid state batteries, like Li-ion, that use Zinc as the mobile species so they might be referring to Zinc-Bromine flow batteries, which is one thing I would really be avoiding if I were you as Bromine is a nasty thing to have around. Sure the Zinc is cheap, but the Bromine is in gaseous form which has low dissolvability in water so unless you use organic solvents (flammable) you have lots of quite dangerous bromine gas to store. I believe that there are one or two commercial manufacturers of Zinc-Bromine batteries, about 1/10th that of all Vanadium flow batteries.

Moneymaker - 1) there is a huge uplift in production coming. The finance package for those developments was announced in the last 10 days. 2) The battery market IS taking off. I expect that you will see a major announcement in that space in the next 4 weeks. 3) The BMN SP has been artifically suppressed by the Golden Summit overhang/share transfer games for the last 3 months. This is close to finishing.

ohhhh but Calamari I HAVE seen the mine:-

https://www.thebushveldperspective.com/blog/public-articles-1/post/vametco-mine-visit-407

AND the processing plant:-

https://www.thebushveldperspective.com/blog/public-articles-1/post/vametco-processing-plant-visit-408

AND the ESKOM battery test centre:-

https://www.thebushveldperspective.com/blog/public-articles-1/post/eskom-battery-site-visit-410

(you know the same ESKOM that has just started publishing tenders for 1.44GWh of battery energy storage - described here:- https://www.thebushveldperspective.com/blog/public-articles-1/post/bushveld-energy-eskom-battery-mandate-2018-339 )

"They haven't even sold one kg of electrolyte yet" is misleading, as you should well know - Avalon used Bushveld Vanadium in their Sandbar Solar VRFB project back in 2019

https://www.vanadiumprice.com/bushveld-energy-and-avalon-battery-innovate-with-vanadium-electrolyte-rental/

https://twitter.com/BigBiteNow/status/1313367773922373632

give that man a medal