@Zeusfurla - thanks for your insightful interpretation of L2, RSP. For those without the facility to see for themselves, or the experience to correctly interpret, but for you, the "knowledgeable" oh so helpful voices continually de-ramping with their somewhat increasingly unbelievable narrative would be all that is heard here.
I don't buy Bella's theory. Why oh Why would you sell out of BMN pretty much at the bottom to invest I something else that isn't as well hedged and evolved. No I think the consortium money is far mor likely to be institutions and organisations with a Green agenda and plenty of money to promote it.
so you heard it there 3,400 MtV pa from Vametco before additional capital investment (to be notified). That would be the second Kiln he spoke about in the CRUX interview. 300MtV pcm minus Maintenance down time = 3,400MtV
I still have an open mind to a reciprocal Iron ore for V SIag arrangement potentially with Mokopane ore with a smelter somewhere. Either that or taking SIag from someone like IRON in whatever guise they end up (if they survive)
The absolute best elaboration of why the BMN business model is so safely internally hedged for high middle and low Vanadium prices. A possible second Kiln at Vametco A possible Greenfield site on Mokopane ELIDZ scaleability to 800MWHr be the go to supplier for Vanadium pentoxide or electrolyte or rental for a majority of battery suppliers Be the developers in Africa and supplier / investor elsewhere
You need to see this interview. All the things some of us have known and tried to share coming to fruition. This is a once in a lifetime opportunity and getting in at this stage still represents unbelievable opportunity.
Knock all you like negative Trolls ultimately this is a WINNER
I think it is inconceivably unlikely that better and more efficient Vanadium electrolyte chemistries will not evolve over the next few years and so it will be necessary to recycle "old" electrolyte to make "new Whiizy" electrolyte. I'd be amazed if anything got to the end of life. Similarly new membranes will evolve and they may in turn require modified electrolytes too.
just to add a bit (not really relevant but interesting). At one time he held close to 71 million BMN shares but he did an internal swap for another company held by acacia back in about 2014 which reduced his holding.
@FB my records from when I first looked at BMN (back then the ownership was very opaque and was almost enough to put me off buying - phew glad I got past that), I had it that mr Borremeo held shares in Acacia, in his own name and some jointly with his wife. After some consolidations I think that came down to 15million in the 85,598,644 held by Acacia and 37,969,087 in a vehicle in his own name. Last November he consolidated those two holding, sold a few hundred thousand - I assume to cover costs, and consolidated them all in HL. I spent a bit of research trying to find out why and what was going on. I suspected a divorce at one point but couldn't substantiate that suspicion. Regardless, I think Mr Borremeo held close to 52.5 million shares in HL from December last year. He was my main candidate for disposing given the significant share movement from December last year, but as HL holding has gone up and did not fall by any amount let alone a significant amount in any month this year (it is 9.4m higher today than it was on Jan 1st), I have discounted his theory.