Rising6 May 2021 17:15
You have probably read all this but I keep reminders in my 'why I bought' file. If you see the future of vanadium this is the place to be imo - actually a no-brainer really.
The development of Balasausqandiq is going to transform the world of vanadium. We can meet the rapidly expanding demand from battery storage as well as for the steel industry faster, at a fraction of the capital costs per annual tonne, and at a far lower cash production cost than any existing or planned vanadium producer.
What is new is that Sir Mick Davis, the former chief executive of Xstrata and current leading light in mining private equity has cast his slide rule over the Balasausqandiq project and given it an overwhelming thumbs up.
“The Ferro Alloy Resources investment case is compelling, has an attractive risk profile and many qualities that are difficult to find in other mining investment opportunities,” Sir Mick said, after news broke that he was coming in to Ferro Alloys for an investment of as much as US$12.6mln.
“The Balausa project has the potential to become the lowest cost producer of vanadium globally and to deliver highly attractive returns to its shareholders.”