The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Hi bassguy, from memory the plant is permitted for 800mwh of electrolyte production although you are correct that only 200mwh will be initially. BE could also send the pre purified Vanadium Pentoxide which will be produced at Vametco to another chemical production site to produce the electrolyte in batches.
Once the site is up and running adding more processing capacity should be achievable for minimal cost in comparison to the potential revenue generated.
I do get frustrated with Fortune and his style at times, you can see it in his face that there is more to tell but he continues to keep his cards very close to his chest.
I think Matt is right that Bushveld as a company need to be bold.
Here is another Creamer Media article regarding investment in renewable energy. Basically it it saying that for every $1-million invested in renewables creates three times more jobs than in fossil fuels and 30 million people could be employed in renewables by 2030.
Martin Creamer is a real proponent of renewable energy and the use of mini grids in mining. It is well worth looking at the online edition of Mining Weekly which comes oily every Friday.
https://www.miningweekly.com/article/jobs-in-renewable-energy-could-triple-to-30m-by-2030-irena-2020-07-10/searchString:Irena
Bushveld have mentioned on numerous occasions that they want to increase the amount of Institutional Investors. What are they doing to achieve this other than attempting to hit their operational targets? Progress appears to be painfully slow.
Thank you for the working out mogwhy. It just goes to show what a huge deal Bushveld is going to be. Imagine the profit in 5 to 10 years time!!
It would be great to see more of a valuation that takes into account the current potential.
https://www.gem.wiki/Imaloto_Coal_power_station
I am hopeful that we may see some news re Imaloto soon.
https://moderndiplomacy.eu/2020/07/02/covid-19-impact-on-africas-energy-sectors-challenges-and-opportunities/
Our time is coming. Look at the conclusions, particularly the first 4.
https://www.prnewswire.co.uk/news-releases/idtechex-research-the-vanadium-flow-batteries-as-energy-storage-devices-837273711.html
By the study conducted by IDTechEx, it was clear that some mining companies themselves are interested in the VRFB technology. It is the case of CellCube, previously known as Stina Resources, a Canadian mining company, which between 2018 and 2019 acquired several companies, and eventually rebranded under the name of "CellCube". Within different companies, CellCube acquired the complete know-how of Gildemeister AG, one of the main VRFB producers until 2018. South African mining company, Bushveld Minerals, has taken a similar approach to CellCube. Bushveld Minerals is in fact actively promoting the adoption of vanadium flow battery all over Africa. Outside Africa, Bushveld funded the merge between two VRFB manufacturers (the English redT and the American Avalon Battery), and in 2019 announced the acquisition of a considerable share of Enerox-CellCube, previously known as Gildemeister AG.