Well, he wasn't too comfortable on the VRFB subject. It certainly was not off pat! Once it goes away from mining he is not as comfortable not sure they know how to attribute value in the energy sector. But John did say he thinks the market could be huge. Not sure he will be that strong an asset in presenting Bushveld Energy going forward. We might need a more focussed broker. This story has so much to give beyond mining Vanadium!
Thanks for sharing 'PB940' and for saving the 35 minutes to cut to the chase 'spdhoy'! Much appreciated!
Just checked in after a massively busy day! Looks like Fortune and Mikhail have responded to my email two weeks ago (suggesting it might be a good idea to look at the assets of Cellcube! They must have been grinning! They already were!
I am sure everyone has already said this but this is of huge significance!
Enerox - Ownership
Could they buy a share of VSUN Energy?
Could they buy a share of UET?
This VIP status in Bushveld Minerals and Energy is turning our 'vertically and horizontally integrated platform' into one mega Vanadium Business!
One other bit of good news on SP Angel from this morning:
"Ferro Vanadium 80% FOB (China) US$26.5/kg vs US$28.5/kg - Ferro-vanadium prices rise in Western Europe
Ferro-vanadium prices rose by 4.2% last week to $20.6/kg and $21.6/kg from $20.0/kg and $20.5/kg last week according to FastmarketsMB."
Apologies to all if repeating any points already made!
If we keep this up we will have a new name "Bushveld Global Vanadium and Energy" and have a multibillion-pound valuation listed on the FTSE100! With profits exceeding £400 million by 2024!
What a day!
A huge thanks to 'Pdub' and 'Girlienextdoor' for transcribing the Crux Interview with Fortune and Mikhail and posting it from 11pm last night in 18 parts. A big read that we can all make the most of!
This is much appreciated.
I would tell Glencore that the mine is down for maintenance, if I was Largo, and say sorry we can't supply for 4 weeks (till there was no stock)! Tip of a local contractor and get them to cut off the power, then phone up all the other mines around the world and tell them to refuse to supply into Europe for 3 months as there was a huge demand with other customers! That might change the direction of Vanadium prices in Europe!
What every happens I expect once the Glencore agreement ends amazingly the prices will rise quickly. That would be a good bet on Vanadium prices! We will soon know who was controlling the Vanadium prices then.
Clearly poor Largo is being what 'appears' to be held to ransom.
This is only an idea and there is no proof of course....
Did any of you here then interview?
Mikhail was explaining the income streams for Bushveld Energy! He gave 5 examples the business will make income and he looked at Fortune knowingly saying he fully expects the Energy Business to make more income than the mining business. In the past they hinted this could be by ten times (10x)!
Now I highlighted this morning that the mining operation could be towards $330 million in 3 to 4 years time. Now add on Bushveld Energy to that.
This company is going very much in the direction of a mega cash machine! The African market alone could do this without the rest of the globe. Africa still has huge potential as a market as it is the only low place labour resource on the planet with 600 million people. Give it power and education you have the next China! Except it will be funded by China!
So let’s not get to worried about today. This is the foundations. This is a 5 year Grand Design!
It really will be grand for all those smart cookies who have this in their SIPP’s and ISA’s. If you only have 100,000 shares it is going to be exciting for those with large holdings well they will be in very enviable positions. That is why they are not panicking and building their stakes as they can. These days are good news not bad news. Buy at these low levels and you could see a 20 to 30 times today’s SP in 5 years time.
It’s a long call but it is there.
But it won't take long for a few VRFB projects to be announced and then we will be off! The market I feel wants to see if we are going to really start this revolution with multiple supply agreements and orders on this side and then - wow it will be really serious beacuse this will prove demand and a constant supply for VRFB projects! It is coming and very soon!
To be honest LawrenceH, the position that Bushveld Minerals are in as Fortune and Mikhail have stated it doesn't matter too much even at this level they are making money. Not many others will be! As we have the lowest cost base. Add Vanadium Electrolyte and the VRFB market and supply of 1000 MWh of electrolyte every year (5000mtV) at a premium as an electrolyte and we will be at the equivalent of something around double if not higher the actual vanadium price and VRFB tech will be lower cost than Lithium-Ion over a 20 to 30-year life! So we are in a win-win situation. This is the hedge or edge that we have!
However, the company which has driven down vanadium pricing over the last 10 months is exactly the company which very soon will be pushing it back up again as they will not be able to let is sit this low for long without it hurting their profits! That company is not interested in VRFB, only in steel FeV or V205 for steel additives. The main primary suppliers of vanadium will have more control by the middle of next year too.
So I am not worried at all. In fact, it is the reverse I am more excited. I didn't see worried faces on Fortune or Mikhails faces in the interview did you?
It seems pretty clear that once the vanadium price turns upwards and there is a steady rise, with the output increasing now we have a real output potential immediately of 5000 mtV (3500mtV from Vametco and 1500mtV from Vanchem). Ironically this is exactly what was suggested by the company two years ago! It is not quite in the way long term investors expected. In fact, the current situation is even better. As we have the upside over the next 2 years to 8400 mtV and way above that by 2023/24. Potentially over 12,000 mtV if they build a greenfield plant at Mokopane which would be highly likely if VRFB becomes as big as it has the potential to come!
Even if we had a steady long term Vanadium price of $60 per kilo that is over $336 million per year (8400mtV pa). Purely on vadium, but it will be much higher than this as the electrolyte income will be substantially higher. By 2024 we could have profits well over $400 million dollars pa. Now I might be getting ahead of myself here, but if we take what was suggested by Mikhail and Fortune in the interview, this puts us in line for a valuation somewhere between £4 and £10 depending on how the market looks on the Energy Storage market in 3 to 4 years time.
This is truly phenomenal! It also makes today's price an absolute bargain.
SavvyiInvestors with time on their side should really consider this as a solid part of any divested or even renewable energy-focused investment portfolio.
These are my thoughts and people should make there own decisions but this is looking as good as it gets. The world is talking about moving away from fossil fuels, and looking at energy from renewables and making them work 24 hours a day. Vanadium Redox Flow Batteries maybe 10% of this energy storage market, but if this turns out to be conservative then our valuation will be a whole lot higher than the giddy heights which even I have laid out!
Thanks for Matthew Gordan from Crux for bringing out the info and thanks to Fortune and Mikhail for having the vision to build such a business! Oh, and how fortunate are we to be investors in right at the start of this amazing story!
If you are just checking in then today’s must watch for everyone investing or invested in Bushveld Minerals: https://youtu.be/p3QUjIL1rJQ
If this doesn’t help you nothing will!
Expect that the company will grow beyond 8400mtV after 2023. Expect an additional kiln at Vametco taking the throughput beyond 5000 mtV in the future too.
Bushveld Minerals are ready to grow as quickly as the market develops and much quicker than any other vanadium business!
Best interview yet with Fortune and Mikhail!
If this interview does not convince the doubters and shorters that they have miss understood this company they are blind or stupid!
This company is going to make serious progress and huge revenue!
They are looking to invest in other VRFB companies and other vanadium potentials. This company is going to be mega!
I really look forward to a time very soon when some of the VRFB manufacturers add to the story with more detail on the costs for production, the ease of recyclability of the electrolyte, the parts which would be replaced to make the system function on beyond the 20 to 30 years.
There is no doubt as the membrane technology evolves that the life of a VRFB could increase to 30 to 50 years. This could be a massive advantage to renewable projects. Only pumps and pipes may need replacing as part of routine maintenance.
The VRFB almost becomes a case of perpetual energy when linked with this high power wind turbines and solar projects.
There is so much work being completed in studies in new building cladding which will be solar energy-absorbing, plus of course solar panels or new solar tile technologies, bring this together with a long life VRFB and your homes, factories, leisure facilities and shopping complexes can all be carbon energy free and energy cost could be reduced for years and years! Good for the pocket and amazing for the planet!
Once the true facts of the advantages take over in energy storage of vanadium there will be a huge change of focus. The Lithin Ion batteries have amazing capability in the right application but not in your home energy storage, not in large energy storage projects and certainly not being used as an extended life in energy storage beyond the vehicle. 3000 cycles are it for Lithium-Ion! But Vanadium really will go on and on - 10,000 and beyond!
If 'Duracell' made batteries out of vanadium they would not sell another one!
Low vanadium prices are likely to speed up the transfer from one technology to another and the VRFB manufacturers need to be making this their moment! Bushveld Minerals Vanadium Leasing program is going to extend this low running cost over the life of the energy storage project and that will help every renewable energy project be the most cost-effective.
You need to lobby these points home to everyone!
After all are you not invested in the company with the world largest high-grade low-cost Vanadium resource!
My thoughts for the day!
SIPPmeister, sorry I have been away from the desk for a couple of hours!
Lithium Ion batteries have high energy concentration hence they are ideal for portable tools, laptops, phones, small devices and of course EV’s. They have around 3500 cycles of charge discharge, however over their life the depth of discharge reduces, as we all know from our phones and laptops etc. It is also a point that during charging and discharging they become warm or even hot. So good is high energy density, lots of power in a compact device, but short life which deteriorates.
Vanadium Redox Flow Batteries have a lower energy density, they are made from water, sulphuric acid and vanadium in a powder form which dissolves. There are suitable for long duration storage and the volume of the electrolyte tanks determine the storage capacity. Now they have a minimum of 10,000 cycles and they don’t loose their depth of charge over life. During charging and discharging they actual cool slightly rather than heat up. The current life is limited only by the membrane technology between the two sides of the battery. Because of the physical size they are only suitable for stationary applications.
Lithium ion cells are relative complex to make and there are multiple metals involved and this makes them hard to recycle. Lithium if if catches fire cannot be extinguished just using water or even taking away the oxygen and in fact when in fire the energy is multiplied around 6 to 10 times and they give off very toxic and dangerous gasses!
Vanadium Redox Flow Batteries are relatively simple, two tanks full of electrolyte, two pumps, inverters and a high tech membrane. The electrolyte is easy to reuse by draining out and reusing. Of course the vanadium could be extracted and used for other standard vanadium uses. The other major point on large energy storage is there is no fire risk and they are safe in buildings etc.
This is as compact and simple an explanation as I can give. There is far more to be honest but this is as easy as I think we could make it.
Hope this helps!
Oh and Bushveld Minerals are Vanadium miners, processors and Vanadium based energy technology masters!
Hi Bella, as many on here, who are on Twitter will testify, I have an obsession of promoting VRFB on as many solar and wind projects as I can with respect to #renewable energy, #renewables, #VRFB, #solar, #wind, #energystorage, #gridstorage, amongst many!
I have also written to the key business and energy ministers too!
I am always happy to have others support on this. I started as Alfa will tell you with one follower! I have a few more now! The key is to expand the advantages of the technology to a mass-market and get people engaging with energy storage and what it means. That means going to shows and conferences on energy storage if possible to learn and contribute to questions. We are all learning after all!
But the only way is to follow Mikhail and his team on VRFB promotion! If you v believe in the business and the potential it is a practical way to engage in the business future. Hopefully, soon I will buy a VRFB for my home!
From a business perspective, there is no downside to Bushveld Minerals at the moment as will be abundantly clear when the interview is published later today on Crux.
For investors currently bought in, we need lots of new ones to realise who good this company is and how strong the market will be for energy storage and especial Vanadium Redox Flow batteries to back up large scale solar and wind renewable projects in Africa and around the world. The world knows we need it, but the world only really has heard of Lithium Ion and until there are a few more large projects which high-end energy companies can see with all the numbers to back up the ROI (return on investment), the reliability, and the fact that the performance stays level of life they will be thinking?? Now there enough projects going live and development systems which are becoming more public and this will change the sentiment is a big way. One of the key drivers, is the life, 20 to 30 years and the fact there is no risk of fire or thermal runaway!
There is no doubt in my mind that this company is set to on to be a multibilllion pound company, from multiple revenue streams and the ambition of Fortune and Mikhail both being young, knowledgeable, with astute business acumen and massive motivation, as well as both, being large shareholders in the business are going to deliver and keep delivering!
Just my thoughts, but based on a lot of detailed research!