Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Thanks for posting the Vox Interview I will check that out later today. I have added more FAR this morning. This share is going to have a amazing 2022 I can easily see this plus £1 and more, load up if you have any cash because this is a sleeping monster.
Hi GloucesterR, thank you for confirming the figures. Yes, it is just a matter of hold / add when you can with this one. I am loaded on this share and I fully intend to hold long term. This will pay off massively just need to be patient.
Hi,
Looking at the figures in the RNS regarding Phase 1 and 2 vanadium pentoxide production. I get the below, but please can anyone else let me know if the below is correct?
Revenue that will be generated Phase 1 if they produce 5,600 tonnes of vanadium pentoxide. So current price of v205 is $8.2 per lb. So 1 tonne = 2204.62 lbs. So $8.2 x 2204.62 = $18,077 per tonne. So 5,600 x $18,077 = $101m per year revenue.
Then on Phase 2 we get to 22,400 x $18,077 = $404m per year revenue.
Let me know if anyone else gets to the same calculations. If the above is correct the current market cap of FAR is an absolute joke at £87.22m
https://www.mining.com/mick-davis-walks-away-from-guinea-vehicle-he-founded/
See above re Sir Mick walking away from Guinea interest to focus on other interests i.e. FAR
I agree this share is massively undervalued. It reminds me of SOLG and GGP back in the early days before the massive re-rate. I feel so comfortable holding and accumulating this share. Massive re-rate will come, just have to have the patience to hold.
Great RNS today.
I personally think we have seen the bottom of this bear run on this share. There is so much potential upside at this price. I can understand there has been a rotation in this share as a lot of historic holders who made great returns have sold to new holders but long term this share is only going up now in my view. I can easily see this hitting new highs. So much to look forward to, sentiment is returning.
Hi Fintech,
Yes, FAR has massive potential.
I loaded on this share months back around 30p level. I am not selling a bean of these shares and I am very happy to sit back and hold this for a massive reward. There was a poster called Sp28 who did a great summary of key points about FAR see below which is his post:
"Quick recap for any new holders.
ALL FACTS based on presentation/interviews/website.
Nothing better than watching the latest interview, but a quick review:
1. Will become the largest Vanadium producer in the world
2. Will be the lowest cost producer in the World
3. BFS due in the next few months - As CEO says ' this will electrify the share price'
4. NPV - $2billion, most likely to be revised up, a very conservative price used
5. IRR - 89%, could be revised up (unheard off)
6. Payback Period- 1 year, again could be revised down lol
7. Cost of production - $1.54, lowest in the world (When including all the by products, Vanadium gets a credit of $1.20 /lb, completely unheard off)
8. ALL infrastructure already in place, I.e Power, water, roads
9. Ex CEO of Xtrata and Anglo American have bought in
10. Ex CEO of Xtrata - Sir Mick Davis, will become Chairman of Ferro Alloy
11. Vision blue, Sir Mick' fund, has options to buy upto $20mln worth of shares at 78pence!!
12. Unique asset, unlike any other asset, therefore easy to mine and process
13. Open Pit Mine
14. ALL equity dilution now done, all going to be going to Vision Blue, so in sticky hands
15. With the current mini processing of 1500tonnes a year, revenue should be $27m at current prices, backing up current market cap, hardly anything baked into consideration for the big mine
16. Only 1 ore body explored, there are another 4!!
17. LSE MAIN MARKET Listing
18. Battery Metal
19. Vanadium will be in deficit from 2021 onwards
20.ALL the due diligence has been done by Sir Mick and his team
21. This is not just a financial investment. Sir Mick and team will be providing all there technical expertise, experience and utilising their contact book, to take this to the next level, and into production!
22. Target price from last year 171pence, after BFS expect this to be revised up.
This will be multiples. The asset is world class, and now we have world class investors and management to take this to the next level!"
The news today has cemented my belief in this share. There is now no doubt in my mind that this will multi-bag, it is now just a matter of being patient and accumulating. As others have said there is no way 2 majors would invest this much money, time and effort if they did not believe this was going to be big.
Yes, really disappointed with the rise today was expecting so much more. Maybe it will be a slow steady rise as news spreads. One thing is for sure, this is a major turning point for OMI. Over time this is only going to go up. I am happen to accumulate and let this one play out over the years ahead. In time I can see this being in the £100m market cap and upwards.
What do we think, could we get a double RNS tomorrow, more drill results and then JV confirmation. Place you bets because it is about to get interesting. If we do get good news on both fronts you can forget about getting in at these prices. It will be straight out the gates.
I was just re-watching the below presentation about 3 minutes in it talks about JV agreement and spending. I was incorrect about OMI getting another $4m cash. We are coming to the end of the Year 3 agreement ends September 6th. If Newmont agree to Year 4 they will spend another $4m re Qualifying Expenditure. At the end of year 5 with another $4m re Qualifying Expenditure they will pay OMI $2m.
https://www.youtube.com/watch?v=G4ODkj9OR7I
Absolutely and I think it is also worth noting that OMI must have one of the slowest cash burn rates of any junior exploration company because we have 2 majors paying for it. With news due imminently of their continued support and with that I think an addition 4m cash added to our balance sheet all is looking very good.
My view is that TB is a crook and I am shocked that he thinks this is an ok way to behave. He clearly has no morals. I hope that regulators look into his conduct.
However the point is that taking emotion out of the equation this share is now in very strong buying territory and I am expecting that to continue, it is now a strong buy because TB is going to do everything in his power to get the share price much higher because it is in his interest. There is big upside potential in this share and that is why I am invested and will be buying more.
"Further assays expected in due course" Hoping we get something this week. One more set of grades like last time being "Multiple high-grade gold intersections with associated silver and zinc- including 59.55m @ 9.61g/t Au and 61.75m @ 2.05g/t Au."
Will see this happily into the 30p and onwards.
When you look at Market Cap and the grades OMI has and that we have 2 majors on board this really is the best small cap gold play for the money. Massive upside potential here.
As Brad said in his presentation Newmont or Agnico could easily take over the running of Anza. It makes sense for OMI to look at other projects such as this Brazil JV.As others have said it is just another string in the bow.
Ultimately the big money for OMI is going to come from the gold resource and that is looking fantastic. I am in accumulation phase with this share now. Market Cap is around £42m which I can easily see doubling and then some.
I have been lucky enough to have invested in GGP and SOLG when they were small less than £100m market cap and to me OMI has all the hallmarks of a great company on the verge of a major uptrend in market cap so I am hear for the long haul now.