RE: Close to a Record24 Sep 2021 11:19
Once both operations are producing at below $20 kg/FeV, investors will be quids in whichever way the cycle goes.
The big money will be made when the electrolyte plant is selling electrolyte at a large premium to what they currently sell vanadium products for. I suspect Cellcube will be in a growth phase for years so will not make BMN money directly but as it gains value so should the SP. Unfortunately this is not a short term play and therefore the balance sheet will not reflect anything exciting for a year or two.
Another way to improve sentiment will be to give more information on the self-generation plan and work on progressing this. Not only will this save money on soaring energy costs and improve reliability especially at Vanchem. It will also attract ethical investors if BMN becomes the first mining/producer operation to become environmentally friendly.
''Moreover, Bushveld Energy will devise self-generation options for all of Bushveld's existing and future electrical energy needs at its operations. With current aggregate loads of 21MW that are expected to increase to over 50MW post completion of expansion and refurbishment programmes, this need has the potential of more than 125MW of solar PV and 180MWh of battery energy storage systems within our facilities.''