Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
Rubbish that it will effect share price, every pharmaceutical company is touting a vaccine, if your in that market space why wouldn’t you, look at Moderna that’s all gone very quite!
The key message in their release is ‘AstraZeneca recognises that the vaccine may not work but is committed to progressing the clinical program with speed and scaling up manufacturing at risk‘
Just wondered if I am correct, if our operation costs are circa $15 and vanadium is averaging say $26, are we then making a minimum margin of 75% against our operating costs, there can’t be many businesses that can have such a mark up on their produce?
Just my calculations!
Bloomberg leading with ‘China’s Great Energy Shift Sets Mega Hybrid Projects in Motion’
- Billions May be spent on plants combing wind, solar and storage
- Move to help boast clean energy use and ease reliance on coal
With China being a firm advocate of VRFB’s this could be a game changer in the world of VRFB’s and just think about the amount of Vanadium required?
So vanadium prices have consistently risen over the last 2 weeks, not a single day of falling prices (Asian metal prices), solid RNS with cash in the bank, one of the very few profitable AIM companies, a product we don’t sell into South Africa, so a weakening Rand just makes are operational costs lower. So why are we 6% lower today, because the MM’s are manipulating the SP, pure and simple. We will rerate one day when it’s in their interest!