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The Bakersteel Global Fund building a pretty nice stake in Bushveld- 20,625,000 shares
https://www.morningstar.com/stocks/xlon/bmn/ownership
https://www.whyafrica.co.za/afritin-in-namibia-is-whyafricas-pick-of-the-week/
Looks like Bushveld Energy have been recruiting-
Peter Oldacre is gone (now VP Business Development at Cellcube/Enerox)
In are a new Head of Deployment, a new Business Development Manager and a new Project Implementation Manager who previously worked at Eskom’s ‘Large Scale Energy Storage Testing Facility’.
https://www.bushveldenergy.com/company/meet-the-business/
In my opinion one of the best articles ever written about Bushveld Minerals, courtesy of BigBiteNow:
https://www.bbnbigbitenow.com/post/bushveld-minerals-some-key-thinking
Sanchez- have you had any feedback from Fortune or Mikhail?
Again, it may be worth using #BushveldMin_Ltd on Twitter (this is their official Twitter and they have responded to other users on this), as I don’t think Fortune will read this LSE board or Twitter #bmn.
Otherwise your complaints/suggestions will just be read by other holders, which doesn’t get anyone anywhere.
https://mobile.twitter.com/BushveldMin_Ltd/status/1402991945643806723
https://mobile.twitter.com/BushveldMin_Ltd/status/1402950992082186240
Bushveld have forecasted production at circa 4,100 MtV in 2021.
We produced 688 MtV during Q1, which leaves 3,412 MtV for 9 months.
So our H2 production should be circa 2,275 MtV.
At $40/Kg average this equates to circa $91m Revenue.
At $50/Kg = $113,750
At $60/Kg = $136,500
This is Just for H2 2021.
I think we are slightly undervalued!
https://mobile.twitter.com/AusVanadium/status/1402907472080240643
Bigbitenow- firstly, thank you for all of your excellent research and analysis on Bushveld. It is invaluable.
Quick question- Do you think that Bushveld Energy will be launched as a separate company in the near future? I understand that the Electrolyte plant is being brought under the wing of the Vanadium mining side of Bushveld, so Bushveld will still be a Vertically Integrated company as such and may still hold minority stakes in certain VRFB manufacturers.
Bushveld Energy (at the moment) has little or no value accredited to it, and once Enerox is launched, and once we win (I am very confident in this) some of the Eskom contracts, i have a feeling that it will be a stand alone company. The project management and deployment part of Bushveld Energy is closer to securing large scale mandates in Africa than I think most people realise.
Fortune has in the past stated that this could be an option, and has recently stated that he wants Bushveld Energy to be self funding.
Will be very interested to hear your thoughts on this.
This is SP Angel’s forecast for Bushveld next year.
This is on Vanadium sales alone, at an average sales price of only $40/Kg.
http://www.bushveldminerals.com/wp-content/uploads/2021/02/Bushveld_Q4_FY2020_10_February_2021.pdf
With everything that is playing out in the Vanadium market, it looks like prices could well be on their way towards $50 plus this year into next. It is my opinion that these could drive even higher than this.
With the ever-growing list of wannabe Vanadium mines scrabbling around over the next couple of years to get funding to build their mines to be in production by 2023/24 at the earliest, you don’t have to be a genius to work out that our SP should be pretty far north of here with these levels of projected profits!
This is without anything included for our Electrolyte Plant or even our 25.5% stake in Enerox, which on its own could be worth $10s of millions over the next couple of years.
Thanks Jimbo66.
Also at -25.50 mins. Matt explains how Bushveld introduced them to RedT, and how instrumental Bushveld were for them to create Invinity. Obviously without Bushveld’s £5m loan and guaranteed supply of Vanadium this probably wouldn’t have happened.
Bushveld are doing the same now with Enerox, but will have an even bigger stake of 25.5%!
When is the market going to realise how important Bushveld are in all of this?
Libero- Bushveld are fully funded to reach 6,800 MtV per year Production, but it is unlikely they will reach this next year.
SP Angel forecast 5,658 MtV Production next year, and 6,484 MtV in 2023.
This will still give Bushveld a fairly substantial projected Post-tax profit of $51.2m in 2022 and $56.2m in 2023!
I do not believe this includes any income from Bushveld Energy.
http://www.bushveldminerals.com/wp-content/uploads/2021/02/Bushveld_Q4_FY2020_10_February_2021.pdf
And European FeV has increased to $38.25/Kg:
https://www.vanadiumprice.com/
BBN has current China FeV at $41.20/Kg!
https://mobile.twitter.com/BigBiteNow/status/1399385956852043780
Very exciting times
Interestingly Arc have forecasted our EBITDA for 2021 at $15.4m. This is based on an average FeV price of $32 per Kg this year.
Current FeV prices are between $34.5 and $38 per Kg, and are rising at a very fast pace at the moment.
With the bulk of our Production coming from Q2 onwards this year, I think our average Sales price will be quite a bit higher than $32 per Kg.
This also doesn’t include any income from Bushveld Energy so anything to come from BE is an added bonus!
https://www.bushveldminerals.com/wp-content/uploads/2021/05/ARC-BMN-Q1-2021-operational-update.pdf
I think we should start paying BBN for his research!
Very big news.
This is on top of the mention of Fortune Mojapelo and the below from the Minister of Trades’ Budget Address:
‘SA is well-positioned to become a key player, with our reserves of platinum group metals used as a catalyst in green hydrogen fuel-cells; as well as vanadium used in battery storage technologies.’
http://www.thedtic.gov.za/budget-vote-2021-ebrahim-patel-minister-of-trade-industry-and-competition-18-may-2021-parliament-cape-town/