Member Info for bonnybo

The rally in vanadium prices is only accelerating with vanadium pentoxide (V2O5) flake used in energy storage systems leaping to $27.50 a pound in China putting it within shouting distance of the all-time high reached in 2005. V2O5 is up more than 550% since September 2016.

Vanadium pentoxide is only a fraction of the overall market and the raw material is primarily used to strengthen steel (today it makes up more than 90% of the market). Ferro vanadium prices jumped 10% just over the past week also hitting a 13-year high to $118 a tonne in Europe. In 2005 vanadium prices briefly peaked at $120 a tonne.

Read this Now Leigh Creek Energy (LCK), a company which owns the neighbouring licence to our own Arkaringa site, has done UCG successfully and the production of the first syngas occurred on the 10th of October 2018. Leigh Creek's most important investors are from mainland China and Hong Kong, and its project has the support from the South Australia Government.
Leigh Creek Energy's most important investors are from China and Hong Kong, so Our Directors are also Chinese. You see the point.

Today's Anr trading price is not correct, I bet is a mistake.

"I am delighted to announce this potential exciting development for Altona,� said Nick Lyth, Altona chief executive. the company revealed it has signed a deal to potentially access a waste recycling technology. It has inked a memorandum of understanding with GCAT Energy Group which has licence to use a patented pyrolysis technology used to converts carbon matter into a variety of outputs including synthetic gas (syngas). With the signing, the companies will now discuss terms under which Altona may be able to invest in the equity of a joint venture company. "I am delighted to announce this potential exciting development for Altona,� said Nick Lyth, Altona chief executive. �The pyrolysis technology can process a wide spectrum of carbon matter so there are a number of potential routes to commercialisation.� "In addition, the demonstration unit has been shown to work at high levels of efficiency and as such, the economics of the project are potentially very attractive.� Lyth added: "Initial negotiations have already taken place with the owners of the licence and I hope to be able to update the market with a positive outcome soon."

What do you care, The money is committed for Altona to use.

Grizzybear, you speak for yourself. Nobody listens to you. Fussycat.

Please get your facts right before posting, I have been here several years and I have never read or heard that the other of the coal 1.3b JORC compliant is wet and therefore useless. This is untrue, please do your reseach!!!!. The drilling will takes place when the PEL is granted to determine the rest of the reserve is JORC compliant???