RE: While Ive been away....26 May 2019 22:53
Ophidia your contribution has always been very well received by me, even the bits I don’t fully understand.Going forward as & when the vanadium price increases Bushveld should exceed that improvement not match it. If we have a fixed cost of $20 & the selling price goes from $40 to $60 then the margin goes from $20 to $40. That is quite a difference , vanadium up 50% our margin up 100%.That did not reflect in the SP as the vanadium price went through the roof but it certainly did as the vanadium price dropped , hence we are undervalued ——- simple