Whilst it's a long way out and a bit Blue sky, it never hurts to mull and ponder...…..
As like with Animal Farm all Magnetite Ores are equal, but some are more equal than others. We know from the Sable Minerals documents that EVRAZ had procured ore from Brits and tried it in their processes before the Master stroke of Fortune Buying it out from under them. I hope I've also managed to impress on everyone just how valuable a constant and steady input grade of material is to a stable and efficient output. Now we know that Vametco like Vametco Ore, we know that Brits is a strike extension of Vametco so commutatively Vametco Plant will like Brits ore. We also know that Brits ore was considered comparable to Mapochs ore (from Evraz / Sable) and as we know that Vanchem ran happily on Mapochs ore we an again commutatively infer that Vanchem will be happy with Brits ore and by extension Vametco Ore.
What we don't yet know is what Mokopane ore will be like at Vametco or Vanchem. It is subtley different to Vametco/Brits ore and might require a different set up. This in part is why I think we will see a Greenfield site at Mokopane. My prediction is that we will initially see Vanchem sourced by Vametco/Brits and that Mokopane ore my well initially be supplied externally. Only when we have capacity (at Vanchem) to supply the more exotic chemicals circuit do I think we will see Mokopane ore incorporated into Vanchem.
@Alfa - you bring back memories of good times on the board. Effectively the debate came down to this; Whilst we both agreed the merits of either site could work for us, BBN favoured Vametco because of the acquisition of Brits next door. I favoured Vanchem because of it's proximity to Mokopane and I thought it would be easy to produce electrolyte. BBN was right in the first instance and it was Vametco. Ultimately as you say we end up with both. Now to complete the holy Trinity, I have long maintained that we will ultimately see a Greenfield plant at Mokopane, I'm not sure where BBN sits on this right now given our revenues, I know he very much favoured Brownfield just as Fortune has. My thinking has always been that a modern plant will assure longevity and probably enhance both efficiency and definitely Green processing. I wonder how long we will have to wait for the third domino to fall. (BBN I hope I have accurately recalled your position).
We seem to have landed at the bottom of the EW pattern, we see lots of due diligence like tidying up of raggedy end financial bits 'n' bobs being RNSed. We learn that one of the interconnected Jigsaw pieces from the clutch of business rescue plans outstanding (of which Vanchem is one) has some update to deliver and to top it all off there is a brilliantly insightful interview from FM and MN hinting that amongst the plethora of positives, the electrolyte plant is already started.
I know it's a somewhat hackneyed term but you really wouldn't want to be out of this right now. At some point very soon there is going to be an almighty bump up. Great board the last couple of days Bushwackers, made a rainy miserable Saturday without Golf a bit more interesting.
@Pdub - you will make someone a great secretary one day !!
when you next visit Padstow, the Sea Safari is great fun if you like a fast dirigible for 2 hours interspersed with a little wildlife watching.
@1210 - I agree with everything you posted there and would just add that I noticed a slight change of tone but more importantly tense in this interview. In the past I've heard repeatedly "we will", this time there was a lot of "we are". This isn't just something that can happen going forward. We are just getting out of the blocks now on so many projects and whilst very early on still, we "are" now on many fronts.
Another nugget I likes was that producing Vanadium by a primary process (salt roast) is FIVE TIMES LESS energy intensive than that of producing secondary Vanadium by steel or pig Iron production. Listen out all Ironveld preachers.
we have 2 of the top 7 (of 51 in total) Vanadium resources in the world by content
we have a resource of over 550 Million Tonnes of Vanadium
we will have the capacity to process 8,400 Tonnes pa (so over 65 years supply)
We are building the electrolyte plant at ELIDZ
we are taking positions in VRFB manufacturers
We are working with others across Africa to scope design and implement Energy projects (like the one at Vametco)
This was a really good listen - thanks for posting @1210
@Bassguy glad to hear things are looking up. I've been where you are and I can't watch "Die Hard" anymore because I tried to watched it on a hand held TV a nurse gave me as I tried to sleep in a chair on possibly the worst night of my life at the top of the Royal Free Hospital. SO steer clear of any movies you like ! Things get better, my thoughts are with you.
We are such stuff as dreams are made on, and our little life is rounded with a sleep
@Jamiejojo - to my embarrassment and disappointment, I had to google that to identify it. But as we have managed perhaps inadvertently to raise the usual Friday night standards around here, let me finish my contributions to this evening by saying that there is often more to things than meets the eye.
To see a world in a grain of sand,
And a heaven in a wild flower,
Hold infinity in the palm of your hand,
And eternity in an hour.
@Jamiejojo - they've chosen the house, put in and had accepted the offer, decided that whilst they could buy it for cash they couldn't then afford the extravagant improvements planned or the landscaping for the adjoining lands or the improvements works on their existing house - hence a little bit of funding assistance secured against all the properties !!