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Just looking at the estimated production figures for this year and what we produced in Q1-
Estimated Production for the year- 4,100 MtV
Q1 Production- 688 MtV (reduced due to 35 day Maintenance shut down)
So the bulk of our Production (circa 3,400 MtV) will come after Q1, when Vanadium prices have been increasing.
So even if the Vanadium prices average only $35 per Kg this year, our projected NET Profit should be around $16.5m to $20.5m this year.
At $37 per Kg- circa $28.5m
At $40 per Kg- circa $41m
Plus the fact that Bushveld have already banked quite a few £million this year for the Sale of their Invinity stock.
Obviously just musings but just goes to show how much these increasing Vanadium prices should substantially increase out Net profits!
I think a few people are now scrabbling to buy back in after believing the trolls over the weekend and now panicking because they dont want to miss out on the inevitable rise!
Production is increasing, Vanadium prices are increasing, Bushveld's profits are increasing.
Just hold and wait.
Just look what happened to the Tin price and Afritin. The same will inevitably happen here!
Great thread on the increasing Vanadium prices:
https://twitter.com/BigBiteNow/status/1394571017880756227
Great thread on the increasing Vandium prices:
https://twitter.com/BigBiteNow/status/1394571017880756227
I believe this will be released over the next few days.
With the Vanadium Electrolyte Rental Agreement in place with Invinity, and Fortune stating several times that they are in the process of negotiating larger rental deals, I am expecting good news with regards to the below.
All of these are expected to be delivered this year which I think Bushveld will be supplying the Vanadium for!
https://www.lse.co.uk/rns/IES/8-mwh-sale-to-australian-solar-storage-project-jz7ukv1e9ypzhkt.html
https://www.lse.co.uk/rns/IES/18mwh-sale-to-orkney-8220tidal-plus-hydrogen8221-site-05ibcchws2dbuy1.html
https://www.lse.co.uk/rns/IES/08-mwh-flow-battery-sale-for-scottish-water-site-oevy430d3fpfl13.html
https://www.lse.co.uk/rns/IES/invinity-chosen-for-78mwh-of-california-projects-hpohq4g6ml35dpo.html
Whilst there are some posters trying to scare shareholders into believing that our Production Costs are going to be extortionately high this year and in following years, and that we need substantial Vanadium price rises to make a profit, please see below BigBiteNow's analysis.
https://www.bbnbigbitenow.com/post/bushveld-minerals-review-of-q1-2021-update-part-2
BBN has Bushveld's average (spread across Vametco and Vanchem) TOTAL production costs at circa $30 per KgV for 2021.
These higher production costs are short-term and are fully funded maintenance costs to INCREASE PRODUCTION to circa 4,100 mtV this year and circa 5,500 mtV next year. These production costs will drop down to a much lower level next year. So short term pain and long term gain.
BigBiteNow is a much respected poster and carries out extensive research into Bushveld Minerals. Some other self-proclaimed Long Term Holders and shareholders/non-shareholders i'm really not sure what game they are playing, and i would suggest that quite a few are trying to get a cheaper buy-in price or are massively trading Bushveld at the moment!
So if our short term all-in Costs are circa $30 per KgV, any increase in the Vanadium price from here will result in much higher profits for Bushveld.
There is so much positioning happening from some shareholders at the moment!
I believe most of the shareholder frustration will diminish with the increase in Vanadium prices.
Just look at Afritin- there was a lot of shareholder disapproval over Anthony Viljoen raising funds last year after stating he wouldn’t. We also didn’t hear from the company for long periods of time, just like with Bushveld.
Since then the Tin price has increased dramatically and the Sp has moved from 1.8p last year to as high as 7p recently! I kept all my shares and am very thankful that I did, as I trusted my research.
Bushveld Minerals is going to be an absolutely massive company and exactly the same will happen as and when the Vanadium prices continue to increase to $40-$50 per Kg over the next few months.
Enerox will be launched and we will be a major shareholder of one of the leading VRFB companies in the world.
We will also be producing 4000mtV plus this year, and 5500mtV plus next year, all at higher Vanadium prices.
All of the above will keep me invested in the company for the foreseeable future.
Sanchez- I hear your points and agree with most of them.
What is the solution do you think?
I am not sure if Fortune or Mikhail even read the LSE board, or at least not all the time. So your efforts for constructive criticism over the last couple of weeks may have been to no avail.
Also when you post on Twitter you and most others usually only tag #bmn (again not sure if Fortune will even read these posts), it might be worth people tagging the actual company twitter #BushveldMin_Ltd as I think this will have more effect.
Also there is another company, Bannerman Resources who use the tag BMN, so I think some of the excellent posts on twitter are not being noticed.
Bushveld’s projected earnings (on Vanadium sales alone):
2021- 4,455 MtV @ $35 per Kg = circa $150m.
2022- 5,858 MtV @ $40 per Kg = circa $226m.
This isn’t pipe dream stuff, Bushveld are fully funded to increase to these levels of production.
This is without any reference to our ownership of Enerox, Bushveld Energy, our Electrolyte plant etc.
Add to this our 5.69% stake in Afritin which has increased in Value substantially over the past few weeks!
http://www.bushveldminerals.com/wp-content/uploads/2021/02/Bushveld_Q4_FY2020_10_February_2021.pdf
Daitom- 1.4 GWh is roughly 7,500 MtV, which is pretty much all of Largo’s yearly Vanadium production.
I see this as a massive positive for us. The more Vanadium demand created for the VRFB market, the more taken away from the steel market.
This will only increase Vanadium prices in the future. The higher the Vanadium price, the greater Bushveld’s profits, even more so that we have funding in place to increase our Production to 6,800MtV!
Another Fund building a stake in Afritin.
55 million shares bought:
https://www.morningstar.com/stocks/xlon/atm/ownership
Calamari- you state that Bushveld are ‘only’ going to make $7m profit this year as forecast by our main broker Sp Angel.
I thought I would state Sp Angel’s forecasted profit for 2022 and 2023 for a ‘balanced’ view:
2022- $62.7m
2023- $68.6m
This is based on Vanadium Sales alone.
I always prefer to look to future revenue/profit rather than focus on just the next 8 months!
Next Tuesday 23rd March:
https://www.elettricitafutura.it/public/editor/Servizi/Eventi/2021/Internazionalizzazione/AM_Powering_Connexions_II_session_23th_March.pdf
#AfriTin has a lithium oxide resource of 450Kt (~1.1Mt LCE) for its V1V2 orebody only - making it one of the largest hard rock lithium deposits globally!#ATM
https://mobile.twitter.com/Afritin_Mining/status/1372129704614985730