Member Info for callit

@driver101 I'm thinking purely about the pilot plant though. Those figures are for the full operation I believe. Which, don't get me wrong, are amazing, but if a pilot pant could produce £5-10m per year and it's up in 2-3 months for example, it would make quite a contribution to the bottom line fairly soon before the longer timescale larger project is underway.

The pilot plant operation is not tied to the vanadium production and the process is a relatively simple condensing process. Thinking we should pluck those low hanging fruit.

From the last interview:

"we are building, we have already procured all the equipment to build a pilot plant to produce this carbon concentrate. We will produce it directly from ore. Not going through the vanadium process. "

So how much Carbon Black Substitute will it make and how soon will it make it?

Wonder if there will be a bidding war for the environmentally friendly carbon black substitute deal. I can see it being popular. :)

Very positive development.

Hopefully good chance of more news-flow as they get agreements for the rest of the products.

GLA DYOR

Everyone wants a piece of this a. i. hot potato.

Just saw the interview. Well done NB.

Interesting point is that the Carbon Black Substitute is priced below regular Carbon Black and is substantially greener. One would think it would demand a premium to CB.

I guess the need is to get an off-take agreement in place to give everyone the comfort of knowing that revenue stream is there, but whoever manages to get the off-take will surely get a good deal on a product that ultimately should be worth more per tonne to any later interested parties.

GLA DYOR

A little pull back to be expected after such a strong rise to let the traders out.

Hopefully it won't be long until the deal is confirmed and more news comes in.

GLA DYOR

How hard can it be to take some material from the weathered cap and process it for profit.

It's not really mining is it, more like digging your garden.

GLA DYOR

P.s. i don't know anthing other than they seem to be suffering where our ai might help.

I wonder if the likes of burberry will soon come knocking at our door.

AI will change the world.

Read further back and you will see that we previously had a jv with tencent.

Seems kind of odd that they need to tell us this again. It was in the previous RNS, surely noone is daft enough to think otherwise and need telling?

"It should be noted that there is no certainty at this stage that definitive agreements will be concluded, and therefore funding provided. Further announcements will be made as and when appropriate. The Board remains committed to making every effort to successfully close this transaction."

Scgl has links to the big boys. perfect vehicle for this ai startup.

I wonder if they can find a way to extract the carbon first and pile up the vanadium for later when the price is high?

Would be interested to know the sutability of the carbon black substitute as an electrode in a vfrb.

Nearly December, where's our oil lift?

The 'grey areas' might be more carbon! :)

I've been giving that rns some hard thought and as a GUN holder have decided that it is actually very positive. My reasons for this are:

a) Most holders of GUN don't really care about RB. They are largely here for the other investments, and

b) RB is not short of money since they got the investment, and

c) I don't accept the transport related excuse for non-delivery; If this was transport related there would have been a warehouse full of bottles ready to transport now. This leads me to believe it is primary a capacity issue, and the work to improve the capacity/supply is underway funded by the investor.

The main thing for me is that the US seem to be lapping the stuff up as fast as we can make it and get it to them.

Projected future revenues would be the basis of any trade sale, and I think it looks like these could pick up substantially once the supply issues are sorted.

GLA DYOR

So if I'm reading this right Carbon Black Substitute was 1 of 3 carbon containing products being investigated as side revenue streams, the others being Ferrosilicon briquettes and carbon-silica fillers?

Am wondering to what extent these 3 impact each other if at all?

Could there be another 2 income streams about to drop?

"Ferrosilicon briquettes

The Company has tested the creation of briquettes from the whole tailings product (without concentration), and the use of those briquettes in smelting to make ferrosilicon. Ferrosilicon is usually made by smelting a mix of silica, obtained from mining, and carbon in various forms. The briquettes will substitute for the whole of the silica required, and part of the carbon. Test work showed that good quality ferrosilicon can be made from this material and study work is now in process to determine the likely size of the market, logistics requirements, product pricing and end use customers.

Carbon black

Carbon black is a high-value form of carbon, used in the making of rubber, particularly tyres. It is usually made by burning hydrocarbons in a depleted oxygen atmosphere. Early work determined that the tailings from the Company's production of vanadium, after concentration to around 40% carbon, has the potential to be used in partial substitution for carbon black in the making of rubber generally, but particularly in the making of tyre side walls, with the Company's product substituting for a part of the commercial grade of carbon black N660.

A test programme has demonstrated that a simple flotation method can be used to concentrate the carbon grade to the required 40%. Early test work on the use of the concentrate in making rubber has been encouraging, and a further comprehensive programme is being undertaken to determine the characteristics and performance of the resulting rubber in various formulations and at various rates of substitution, aiming to provide sufficient information to allow marketing of the product to begin.

The Company is working with the National Engineering Academy of the Republic of Kazakhstan on a technological project covering the industrial production and usage of carbon-silica fillers in the making of rubber. The aim of the project is to construct a pilot plant, substantially funded by government grants, on the Company's existing processing site to concentrate the Company's carbon tailings to provide over 10 tonnes of carbon-silica concentrate per month for testing and marketing. Although the exact timing is not currently known, the expectation is that construction of the new pilot plant will be completed around the end of 2024 or early 2025, allowing test marketing and offtake negotiations for the product well in advance of the commissioning of the first Phase 1 module."