Member Info for mogwhy

Yes you can - just displace all the dates by the delay.

pb940 - that was the original schedule.
The whole project was started several months late.

pb940 - you can find the original timescale at the end of this document.

https://tinyurl.com/y8fp6ba2

Snap, but I thought my title was better :-)

https://tinyurl.com/ba7kk68k

https://tinyurl.com/6eepu29s

taufour - not a typo.
The first stage 200MWh electrolyte production facility will need 1,100 tonnes of vanadium per year when running at full capacity and approx 4,400 tonnes if it gets expanded to the permitted 800 MWh.
This why BMN are expanding their vanadium production.

Utility scale (40 MWh+) planned VRFB projects (5 tonnes of V per MWh)

1,000 MWh------- China - Jiangsu TianWan nuclear station (5,000 tonnes)
1,000 MWh------- China - Jiangsu offshore wind integration (5,000 tonnes)
---800 MWh------ China - Ningxia energy storage power station (4,000 tonnes)
---800 MWh------ China - Shijiazhuang (4,000 tonnes)
---500 MWh------ China - Hubei Zaoyang Ph 2 (VRB Energy) (2,500 tonnes)
---500 MWh------ China - Hubei Zaoyang (VRB Energy & Pingfan) (2,500 t)
---500 MWh------ Australia - VRB Energy (2,500 tonnes)
---400 MWh------ China - Dalian (Rongke/UET) stage 2 (2,000 tonnes)
---400 MWh------ China - Yancheng (Shanghai Electric Group) (2,000 tonnes)
---400 MWh------ China - Wuhan (2,000 tonnes)
---400 MWh------ China - Hubei (Pueng/Pingfan/Gaoxin project (2,000 tonnes)
---300 MWh------ Australia - Pangea, Port Augusta (CellCube) (1,500 tonnes)
---200 MWh------ China - VRB Energy project TBA H1 2021 (1,000 tonnes)
---180 MWh------Bushveld Minerals self generation project (900 tonnes)
-----60 MWh------ China - Hongyanhe, Dalian (Rongke) (300 tonnes)
-----51 MWh------Japan - Abira Town Hokkaido (Sumitomo Elec) (255 tonnes)
-----40 MWh------ China - Tuoshan, Dalian (Rongke) (200 tonnes)
-----40 MWh------ China - Lejia, Dalian (Rongke) (200 tonnes)
-------?--------------China - VRB Energy / Hanloon Energy power station

One off total of 37,655 tonnes of vanadium required (over next 1-3 years ?)
Global vanadium production in 2020 - 109,418 tonnes

I've been using a figure of 4.5 tonnes of vanadium per MWh based on an estimate published in Jan 2020 of 4.4t/MWh.
BMN have been consistently saying that they expect their 200 MWh electrolyte plant to consume approx 1,100 tonnes pa.
So I'm now using 5 tonnes of vanadium per MWh for my project list.
This changes the total amount of vanadium required for large scale VRFBs over the next few years from 34,070 tonnes to 37,655.

7,000 MWh of energy storage tenders in India.
Hopefully, VRFB's will capture some of this to put more pressure on the world vanadium supply.

https://tinyurl.com/4yeasw95

It's worth pointing out that one of the potential bidders (Harmattan Renewables) in the upcoming tender believes that the 513 MW of storage will be four hour systems.
So this gives a total of 2,052 MWh to go for.

https://tinyurl.com/3298wyky

The tender process for 513 MW of energy storage should start in the next few weeks.

https://tinyurl.com/b3tb5ts7

From the BMN annual report - "Participating in large upcoming battery energy storage tenders in South Africa. These include the World Bank-funded BESS programme at Eskom, which has already issued 827 MWh in tender opportunities.
Another is the 513 MW battery procurement programme announced by the Independent Power
Programme Procurement Office."

LadyJennifer - it's a list compiled from news releases and company presentations over the last few years.
Some links for further reading.

https://tinyurl.com/z74jwrvf see page 12
https://twitter.com/Mastermines_CN/status/1260065577038569477
https://tinyurl.com/4ez537xb
https://tinyurl.com/87bww9rt
https://twitter.com/JoYohana/status/1374658979037470720
https://tinyurl.com/a859jwr6

This list is going to grow significantly longer over the next couple of years.

Utility scale (40 MWh+) planned VRFB projects (4.5 tonnes of V per MWh)

1,000 MWh------- China - Jiangsu TianWan nuclear station (4,500 tonnes)
1,000 MWh------- China - Jiangsu offshore wind integration (4,500 tonnes)
---800 MWh------ China - Ningxia energy storage power station (3,600 tonnes)
---800 MWh------ China - Shijiazhuang (3,600 tonnes)
---500 MWh------ China - Hubei Zaoyang Ph 2 (VRB Energy) (2,250 tonnes)
---500 MWh------ China - Hubei Zaoyang (VRB Energy & Pingfan) (2,250 t)
---500 MWh------ Australia - VRB Energy (2,250 tonnes)
---400 MWh------ China - Dalian (Rongke/UET) stage 2 (1,800 tonnes)
---400 MWh------ China - Yancheng (Shanghai Electric Group) (1,800 tonnes)
---400 MWh------ China - Wuhan (1,800 tonnes)
---400 MWh------ China - Hubei (Pueng/Pingfan/Gaoxin project (1,800 tonnes)
---300 MWh------ Australia - Pangea, Port Augusta (CellCube) (1,350 tonnes)
---200 MWh------ China - VRB Energy project TBA H1 2021 (900 tonnes)
---180 MWh------Bushveld Minerals self generation project (810 tonnes)
-----60 MWh------ China - Hongyanhe, Dalian (Rongke) (270 tonnes)
-----51 MWh------Japan - Abira Town Hokkaido (Sumitomo Elec) (230 tonnes)
-----40 MWh------ China - Tuoshan, Dalian (Rongke) (180 tonnes)
-----40 MWh------ China - Lejia, Dalian (Rongke) (180 tonnes)
-------?--------------China - VRB Energy / Hanloon Energy power station

One off total of 34,070 tonnes of vanadium required (over next 1-3 years ?)
Global vanadium production in 2020 - 109,418 tonnes

China aims to install over 30 GW of new energy storage by 2025

https://tinyurl.com/54pswanp

We already know that they prefer VRFB over lithium.

Acacia Resources haven't sold any since March.
Orion don't own any BMN shares as far as I know.
Duferco is the most likely seller but they can't have many left, if any.

Rather than look at an odd day in isolation, try looking at the bigger picture.

The top 3 retail brokers are H-L, Halifax and II.
Since March 2020 there has been an increase in their combined holdings every single month from 445m in March 2020 to 594m at the end of June 2021.
This is a gradual accumulation by private investors which now accounts for 50% of the total stock and is still increasing.
There is only a finite amount of stock to sell.
With all the company performance metrics now pointing in the right direction, the patient should be rewarded.
Add in some blue sky left field news and . . . .

https://tinyurl.com/4wfsutes

Looks like a solid uptrend in the $/ZAR meaning reduced production costs.
Currently 14.7.

https://www.xe.com/currencycharts/?from=USD&to=ZAR

Combined with the rising price of vanadium means increasing profit margins.

In my opinion, most potential investors won't bother signing up to a Telegram group, especially the elder generation. So any useful information posted there will be denied to anyone who browses through bulletin boards looking for potential investments.
How many other Telegram groups do folks look at? None or very few that they are not invested in I would guess.
I would encourage the Telegram group to continue to post on here as well to make any useful info available to as wide an audience as possible.

https://tinyurl.com/2hr6x5hx