RE: EXCELLENT ESKOM BESS NEWS24 Jun 2022 11:09
They will be putting this in a RNS soon, which is why it's a good time to buy now before it becomes obvious to everyone.
ESKOM have announced they're using Hyosung and Pinggao to build this first bunch of Mega BESS systems.
They in turn will then be formalising contracts with VRFB OEMs like Invinity and Enerox (Hyosung already has a MOU with Invinity of course).
These VRFB OEMs in turn will need a huge amount of vanadium and electrolyte which logically would come BMN and BMN's locally based Electrolyte Production Plant they're in the midst of constructing.
The fact BMN's official twitter has retweeted Alfacomp's tweet re Bushveld electrolyte being used in these mega BESS projects says it all ! (https://twitter.com/BMNperspective/status/1539869552632336384)
So, for the Contracts between Hyosung / Pinggao and the VRFB OEM ontracts, keep an eye on Invinity (IES) and on BMN and MUST who own Enerox for these.
And then we can expect to see RNS(s) from BMN re the supply of vanadium and electrolyte for these massive BESS projects.
Then, once this happens, and a huge amount of vanadium goes into these huge vanadium BESS projects, there will be a worldwide vanadium supply deficit which will increase the value of vanadium very significantly.
BMN's profits should then increase from the higher vanadium prices. And, by selling locally, their cost of sales will decrease also, which will further heighten the profit margins and the overall profits.
And this is only the beginning of course !
This is what I mean about it all coming together : )
DYOR but I believe it's never been clearer what's going to happen next, and BMN has never been safer bet than it is now.
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