CONVICTION BUY - BARGAIN OF THE CENTURY !28 May 2021 14:35
Investment Case - CONVICTION BUY17 May 2021 10:01
> Incredibly cheap market valuation at present versus any analysis of Fair Value, which is a multiple of where we are now.
> Incredibly strong horizontal support on the charts at 15p - we've repeatedly bounced off this point (even if we've dipped under it momentarily intra-day once or twice.
> Excellent mining stock and increasingly will be seen as a GREEN stock
- Not widely perceived to be a Green Stock but this will change now that BMN have now realised their ambitions to become a fully integrated vanadium producer because they have captured every part of the supply chain, with 66-69% of 550,000,000 tonnes of vanadium; 74% and 100% of 2 of the 4 vanadium processors worldwide; 55% of the electrolyte that will be produced from the production plant; and 25.5% of the VRFBs produced by the best VRFB Manufacturer (Enerox). This will cause us to multiple-bag on this aspect alone. Just look at Ganfeng's P/E ratio!
> Very favourable coverage in the investment media.
- Investors Chronicle, Financial Times, Myles McNulty, and many others have all tipped BMN at the start of the year.
- Out of hundreds of companies, Stockopedia came up with their Top 20 tips for 2021, and BMN came 3rd (and will do better than the two above it I believe)
> Vanadium prices have risen massively in recent weeks, and are expected to reach $45gV at the bare minimum this year, and BMN's share price always seem to track the commodity price sooner or later! (there's a huge gap at present!)
- Vanadium prices are now rising so fast I believe we will see $45kgV in the next 4-5 weeks
FOR PROSPECTIVE INVESTORS, please read Lionel's Summary here to kick off your research:
https://www.thebushveldperspective.com/blog/public-articles-1/post/lionels-big-picture-428
Target price for 2021 : 100p+
Tons of Newsflow in the pipeline / Catalysts that we're expecting to help us reach that 100p+ share price target.
DYOR & GLA : )
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