Member Info for faramog

yes gambit .. interesting posts from Myles ....

That would be just digging the ore and shipping then ... need circa 450 tonnes for 1 tonne of Vanadium.... 1,000 tonnes of Vanadium is how many bulk ore carriers ?

Short term, no issue, but if it is a long term agreement then some form of concentration has to be a lot more cost effective (not least in claiming 'green' cycle credentials.

The question in my mind prompted by Mogwhy was at what price .. after all, this can be re-cyled and don't know about anyone else, but how would anyone police what China does with it

nice one Colt

An interesting scenario @Mogwhy.

I also think some level of Mokopane offtake may well happen, but at that scale .. wow. Might make sense to have a crusher and initial concentrator so shipping perhaps 20-30% for volume and transport reasons but what price... that might be interesting.

If we currently incure (say) $18 costs and sell for (say) $28 we get a clear gross margin. If we sell to Electrolyte manufacture we may have (lets say) $7 costs so a total of $25 and sell at $50 per equivalent kg [All just a guess just for example]

But if raw ore or concentrate has costs of (say) $10, what do we sell it to China for.... $35 (ie our $50 less their costs) and they are clear to keep it, or less and we get some future reprocessing value or lease value

No point giving vast amounts away for a low margin because it is not fully processed. The Chinese are sure to be able to build a processing plant rather quicker than in SA (or anywhere else for that matter)

+60% in 15 years is an annualised rate less than 3.2% .. not that dazzling and can easily be achieved by picking low risk funds and re-investing the yield..... if your FA friend has such little ambition then really its all about 'their' fees.

2 years ago the SP touched 50p on the back of a high Vanadium price, whilst producing around half the vanadium it does now and while owning less along with no 2nd plant.

There are plenty of holdings I have or follow that have a lot less upside and a lot more downside so giving higher risk. I see Bushveld as having very low downside risk, stella future upside potential and revenues growing at at least 30% year on year for the next 3 years assuming the Vanadium price does not move and we make no electrolyte.

Not hard to see as good a sure fire bet as you will ever see ... when many of us LTH's piled in this was a great story and vision, but a lot of risk ... story is unfolding, vision is happening and the risk is much lower than many I follow ... IMO of course

I predict that in a months time the SP will not be where we think it should be

ha ha Bmnfan .... https://www.ochils.com/extras/old-articles/27-ben-alder-by-bike

how can Santa use a solar array ... he travels at night ?

yup Funki ... that is exactly what they are doing.... phones and emails are traceable, questionable. They are not allowed to act as a cabal... but a few bollys later in the bar and some agreed trade numbers as code ... well .. it is like they are the London Navajo with smoke signals

"However, as I say, a BMN operating at c. 4,300mtV in 2021 and enjoying a profitable return, is a damn good start and gets the snowball rolling."

Absolutely BBN .... made reference to not flooding and keeping it sustainable. Overall, I thought a terrific interview and really almost a first time he has tried to articulate the Green Cycle story

As for someone wanting $50 V-price by christmas ... be fine and with Leasing not a problem for VFRB :-)

BBN ,
Thanks - I see where you are coming from.

FM did clearly say on the crux vid the funding covered expansion to 4,200mtv for both Vanchem and Vametco. I think that was deliberate as a simple message, and it is correct to say that various funding streams would be used or filled (in the case of debt) - why complicate matters when so many fail to see the bigger picture as there are so many facets.

I just look at the cumulative requirements both in SA and worldwide and wonder whether 4 years to get to between your lower expectation of circa 5,300 and 8,400 is on the slow side. Personally, if VFRB really starts to garner much wider traction next year, then I would expect the timeframe to pickup somewhat and especially if Vanadium pricing rises (generating an uplift of available funding at little risk)

brilliant Sammy ... I have a good old Rugby mate .. very smart who just tells fold 'I am a navvy .. I just dig holes in the road' .. he he .. does a lot more than that but a great line

Whilst there is a risk of going lower (never say never in share-land) there are factors that make it both improbabble and unlikely to matter

1. production will rise a good 25% over this next year
2. It is highly probable Vanadium will re-rate up to mid $35 at least (pressure already starting to move it).

These two factors alone give circa $80M profit .... eventually this does get noticed.

Only think I slightly disagree with is a 5 bagger in 18 months .. be more like 8 months I recon

The annual report details director ownership mins... Board directors were not given stock and have a period of time to buy some

Let's hope the rocket nails a few trolls and MMS...

I agree Sanchez... V prices were the trigger.. but not any more

Ha ha.. Brilliant

Ah yes HS... Well remembered. .... I forgot about that ta

MeM.... , the SP will not rise very much until V rises substantially. End of.

Correct with today's paradigm.... But as was clear, FM is frustrated so far the market does not get it... That is changing.

If you await substantial V price movement to get in you will likely be late.

And as someone not invested in a solid business, but speculation on gold and bitcoin, WTF should anyone care what you think

great interview ... a fair bit clearly happening in the background and very frank about market perception ... we do regularly moan on here and I do think the message hits home and they do get it.

FM need to turn his phone notification sound off .. very annoying ding ding (same in the proactive interview)

$25M 4,200 Vametco
$45M 4,200 Vanchem

So I was right, the funding is to take us to circa 8,400mtv

Electrolyte Rental - all about converting Capex into Opex. I did not realise they did a small rental off balance sheet starting in 2018 in the USA !

25T mtv into Invinity project - lots of future rental projects to come. Expect to grow that book (rental) significantly

Yield seeking financing to support much larger scale rental systems - he does not say it, but this is ideal for pension funds who want a steady low volatility, low risk income stream

1T V takes 450T of Ore - 300T off to tailings.

Carbon footprint of recycling electrolyte is even better ... seems his first real stab at explaining the cycle - defo needs building that story to enhance green agenda investor buyin

Interesting that in this weeks Proactive interview, FM emphasised the move to higher re-bar reduced energy impact because less steel is needed .. less mining, less processing, less transport... but that picture is not clear wider - The Green 'circular' economy story is just starting.

Eskom - given local content expect a good chunk to be VFRB (quite a smirk) ... the market 'is' there. It is momentum that is now building

OUCH .. bit of a dig at IES Mcap being equal to Bushveld .. it is because it is viewed as an 'energy' company

Certainly a frustration that Bushy is just viewed as a small miner. Hints at BOD actions to change this, but to be honest, not gonna happen until large contracts are won by BE and some level of re-branding (focus) happens when we move off AIM

Interesting pile of books and art behind Mathew !

Then we won't be vertically integrated .... not something I would vote for