Member Info for RichKen

SP Angel should be looking at a target of £1.09.

They had previously a target 87p based on Vametco Plate capacity of 3750 mtV and now we have a plate capacity of 4710 mtV based on a vandium price of $75 per kilo.

So based on current $51 per kilo we get a SP Target today of 74p! Which is 231% higher than our current SP.

So expect some serious buying over the weeks ahead!

Q1 Vametco Results
Vametco Resource update
Q1 Bushveld Energy update
2018 Accounts
Dividend Policy
JSE Joint Listing
Finalised Brits Resource
More Detail on Bushveld Vanchem
Eskom VRFB Contracts
Bushveld Vametco Plant Upgrade Details
Bushveld Vametco Solar and VRFB IPP Energy Project update
Mokopane Mining Licence
Market information leading to higher Vanadium demand and prices rising
VRFB demand increasing from global projects

Lots to continue the progress of this incredible investment.

This is based on Fortune’s comments which I highlighted in my post. He said that Vanchem will only be part of the process capacity for Mokopane.
If you consider that the mine could produce 20,000 to 25,000 mtV per annum based on its resource you might start to get the picture. I have made the point as has NickD that this resource is huge.
Vanchem is the starter!

I find it incredible that Fortune says that "this resource when it comes on stream is so vast that Vanchem will be nowhere near able to cope with the resource there!"

The 3 oppertunites are likely to be played out shipping ore directly, pre-processing ore using a mobile crusher, screening the ore, followed by dry magnetic seperation - this is all covered bt the $20 million capex for Phase I at Bushveld Mokopane. You can be sure once the first phase is completed they will be going all out to enable the growth of the site with the construction of the Greenfield plant with the $300 million capex.

It should be remembered by this time we will have income from Bushveld Vametco at circa 5000 mtV, Bushveld Vanchem at circa 4200 mtV and 1000MWh of Electrolyte so this should be giving a profit inexcess of $200 million dollars. So a finance agreement should be very easy to come by based on the VRFB technology being fully embraced.

Sorry, I wrote 4700mtV for Vanchem previously on my earlier post - it should have read 4200 mtV!

This should have all investors very excited indeed!

For those who go on and on about the vanadium prices coming off and that it has a significant impact on Bushveld Minerals - I am mainly talking to the trolls! Who were so eloquently listed by Knuttie earlier:

Please fast forward in the presentation to 26 minutes and slide 16. Listen to Fortunes words very carefully.

Once you have digested Fortune's words please go back to the TECA board with you "dunces hats on " and stay there indefinitely before it gets shut down!

Sorry just in case anyone has missed it you might want to spend an hour this evening listening to this:
Full Presentation - For those not in the now at all it will be a huge help understanding what this business is doing and why it is such a tasty investment:

https://webcasting.brrmedia.co.uk/broadcast/5cc315de3c8e41495e2420cb

Dear LionelGreen,

Firstly many thanks for you thoughts. Yes we are having a tough time at the moment my good lady is on daily visits to the hospital for radiotherapy in combination with chemotherapy. This is 5 weeks of treatment!

Yesterday was a happy day as we celebrated or 25th Wedding Anniversary!

Today was a happy day for all Bushveld Minerals investors. It brings together the next very import stepping stone in realisation of the project.

It facilitates Mokopane, it gives us a second operation platform which de-risks the Vametco operation. It gives us four Kilns (two today) and will give operation capacity based on current Vametco approx 3750mtV + approx 960mtV now and then capacity within 5 years of 5000mtV + 4700mtV with all 4 Kilns at capacity by 2024. Which will be right for Mokopane mine phase 1

Yes that's a big one - it facilitates Mokopane - so we must be close to this one coming. That would never have been said by Fortune, if he was not given the wink that it was all but agreed. Today's rise will be nothing compared to that one being announced!

The transportation between them via easy road and rail links

It gives define output streams of V203 for Electrolyte going to East London and V205 for processing as per client requirements.

Now I see our lovely broker has indicated that they reiterate their target of 87p! Really my maths says that once we get back to $75 per kilo we should have a target of £1.09 based on Vametco + Vanchem (at 960 mtV)

That 960 mtV is about the right number for 1000MWh of electrolyte which in 2020 will turn the operating profit up to the next level .

So this news, although I have not had the full privilege of reading everything and listening fully to the presentation, is truly first class.

I must have repeated many points made today already but I am delighted.

So I reiterate my own target for SP in excess of £5 for 2023/24

I am with Buzz light year and Mrremmy's Mojo - to infinity and beyond is where we are heading.

Q1 is coming very soon with all the excitement at Vametco!

What a day and what a company strategy. Nice one Fortune and well done BBN for your predictions!

Cheers, RK

Sanchez, I am sure you are right. This news this morning holds the key to the business going to the next level. With the Mokopane carrot now right in front of our eyes. It looks like they know it is going to happen very soon! I always felt it would happen this year and it was in my list of key events earlier this year.
The upside potential at Vanchem is huge with 3 kilns in place. They will surely need some work to get them optimised. But they have time to do this between now and the Mokopane mine being able to deliver ore ready for process.
There is no doubt that the first ore will be coming from Vametco and this extra ore will be needed to feed the electrolyte plant from early 2020.
This is coming together very well indeed!

Looks like we are getting the news items in May. Bring it on.

By 2023 around £5

Around £40 million. I would suggest.

If you have come to the board to catch up today just ignore or the rubbish tonight.

Click on BigByteNow and read his posts from earlier. Then think on these points and switch off.

Nothing else is needed.

We had a fabulous 25th Wedding Anniversary today! Great weather! Just like our wedding day.

Good night all!

So we are getting various goading posters.

The question is do they know what our profit will be from 2018?

Yet they expect our SP to keep dropping. We are still making excellent profit in 2019 and will continue to do so. I would not be surprised if in 2019 we don’t exceed our 2018 figures.

Next year we will be able to add the Bushveld Energy profits too. That will be next level.

Those touting doom and gloom will be long gone then.

Just for those who are unsure - our profits in 2018 will have exceeded £1 million per week!

Find another 10 companies on AIM with that kind of profit.

Bushveld Minerals are doing a great job and soon the SP will reflect this again.

pb940 - I have sent a message to Chika. I would say at this time I might not expect the answers. But, I would say that the Q1 update on Vametco is due within the next few days. I am sure the plans will be unveiled with more information.

I don't think any investor on this board is not looking forward to this one and we are all looking to to see improvements on last years Q1 figures. I think in 2019 we would like to see every number from 2018 exceeded and a program for capacity increase shared with shareholders with dates which can be achieved. We can be of no doubt that this year is and will be critical to the progress of the company to the next level.

- Resource update for Vametco including updated life of mine
- Phased upgrade to liberate additional vanadium production to close to 5000 mtV
- Mine expansion into Brits ready for long term expansion to 10,000 mtV
- Installation and implementation on solar and VRFB at Vametco which will help the business reduce its year on year energy costs and long term run the mine on this supply once it can be upgraded to the full power requirement if the IPP regulations can be expanded by the SA Government.
- 2018 Accounts
- Dividened policy
- Update on VRFB testing at Eskom
- Eskom Tenders
- JSE Joint listing
- Lemur update to realise maximum value for Bushveld share holders

All these points will piece together the ingredients to turn this company into one of the most significant growth companies in 2019!

We all look forward to the meat on the bones with of course our own BBN's careful analysis poured over each point to help us all understand the work in progress.

Don't forget the webinar next month which our Mikhail is speaking at. Details posted yesterday.

Cheers, RK

https://www.miningreview.com/energy/battery-storage-africas-energy-metals-market-and-supply-chain/

Presenting:- Mikhail Nikomarov, CEO of Bushveld Energy

Mikhail is an entrepreneur and African energy leader committed to resolving the continent’s electricity shortage. He co-founded Bushveld Energy to provide large-scale energy storage solutions across the African continent.

Working with numerous partners, the company is also localising the manufacturing of VRFBs in South Africa. Previously, Mikhail spent 6.5 years with McKinsey & Company in Moscow and Johannesburg, advising national governments, utilities and manufacturers on growth strategy and policy and leading operational turnarounds in the energy sector.

Mikhail also serves as the chairman of the SAESA and currently chairs the Energy Storage Committee for Vanitec, the global organisation of vanadium producers. He holds an MBA from INSEAD, a diploma from the London School of Economics and two undergraduate degrees in History and Economics from the University of Massachusetts.

Just a summary to see the picture.

Q4 - 2017 - All together 22nd January - Vametco - 631 mtV

2018

Q1 - Lemur Holdings - 5th April
Q1 - Bushveld Energy - 11th April
Q1 - Bushveld Vametco - 27th April - 731 mtV

Q2 - Lemur Holdings - 4th July
Q2 - Bushveld Energy - 11th July
Q2 - Bushveld Vametco - 22nd August - 629 mtV

Q3 - Lemur Holdings - 17th October
Q3 - Bushveld Energy - 29th November
Q3 - Bushveld Vametco - 9th November - 537 mtV

Q4 - Bushveld Vametco - 30th January 2019 - 657 mtV
Q4 - Lemur - 13th February 2019
Q4 - Bushveld Energy – 27th March 2019

Total production for 2018 - 2554 mtV

Strong EBITA up 349% year on year to $107.5 million.

2019

Q1 – Lemur - 10th April 2019 - Project on target and signed PPF $1m funding from DBSA. BFS is completed by Sinohydro. EPC contract negotiations underway. SEIA due in Q2. Very positive update! BMN is delivering a huge project!
Q1 – Bushveld Vametco – Including latest production update and resource info - on the grapevine from the shipping data to the US this looks very promising! Could this come this week?
Q1 – Bushveld Energy

Other news due soon:

- 2018 Full Accounts
- Bushveld Minerals Dividend Policy and possibly a token dividend in 2019
- News on Vametco upgrade and full 2019 production targets
- Second Brownfield Site purchase to increase production outputs
- Brits Mine plans for the future
- JSE Listing end of Q2 or the beginning of Q3
- Mokopane Mining License
- News on Bushveld Energy commencing the electrolyte and VRFB assembly plant

Bushveld is committed to increasing the vanadium mining output to 10,000 mtV in the medium term
Bushveld is building the Electrolyte plant to produce an initial output of 200 MWh of electrolyte and expandable to 1000 MWh
Lemur on track to deliver a mine and power project in Madagascar and create over 1000 jobs benefiting the economy in a major way.

Pressure has returned on global vanadium demand and prices are starting to rise again which means our profits are going to be increasing again too in Q2.

So you can see clearly there is much to raise interest and all the substance needed going forward to raise our stock price considerably towards our broker targets.

The business fundamentals have never looked so strong and the way this company structure is set out, the upside potential is very strong indeed from our current position.

Why?
Bushveld Vametco is mining and selling a prime grade of Vanadium called Nitrovan 12 or 16 - expected production is around 3000 mtV in 2019.
In the last 3 months the price of vanadium has dropped significantly. However all the signs from market experts point to a rise in vanadium prices through this year. The global requirement for vanadium will become very strong through the year and the supply chain remains limited. Bushveld currently are supplying around 5% of the worlds supply.
Bushveld Minerals have a separate business, Bushveld Energy, who are building a VRFB electrolyte plant which is due to enter full production in the first quarter of 2020. In addition to the electrolyte plant there will be VRFB assembly plant. This market is one new area of energy storage which is set to grow exponentially and Bushveld are set to be one of the key players in this market.

Broker target - from SP Angel based on a $75 per kilo FeV Price 87p

What news is coming up?

- Q1 Vametco update - around the corner - latest production output, current resource update and mine upgrade updates

- Stunning 2018 accounts due which will ensure lazy investors will have a spot light on the income this company is amassing

- Foundations of the Bushveld Energy business from a vision to a reality in one of the most important global opportunities every

- a Vanadium resource ready to be grown which is the envy of the vanadium world - 440 MT of Vanadium containing ore

- a huge deficit in global supply, which will only develop further as the demand projected for vanadium grows from less than 100,000 mtV per year to 300,000 mtV per year by 2024.

- current FeV prices are set to increase dramatically due to increase of vanadium in rebar production and the new demand from VRFB

- Bushveld Minerals has built strength into its future to leverage against high and low vanadium prices to ensure long term growth in revenue

- Bushveld are targeting a large increase in mined capacity from 3000 mtV to 10,000 mtV over the next few years with more upside possible in the years beyond this

- huge opportunity for S.A. investors coming from the JSE joint listing which is coming in Q3 2019 which should have a very positive effect on the stock price

The recent drop in the BMN SP looks to have bottomed out and I am very confident in a years time we will all be saying we should have made better of that buying opportunity from April 2019. Everything is pointing including 3 broker ratings to a significant rise!

Please research this company fully before investing. All new investors need to understand what this company is about.

Everything you need to know is found on these two websites:

http://www.bushveldminerals.com/

https://www.thebushveldperspective.com/start-here

https://ambriefonline.com/what-would-south-africa-look-like-powered-100-by-renewable-energy/

Nice one BBN. Don’t think the point could be more clearly made.

Energy storage revaluation is happening and is fully funded. Best of all Bushveld Energy are in prime position to benefit!

It should also be remembered that the Bushveld Complex holds the largest high quality vanadium reserve in the world. Bushveld Minerals have 440 MT of high-grade ore. They are not a want-to-be miner! They are a highly profitable business with funding to grow the business. They export currently 60% to the US and they have the key parts of infrastructure growth already fully funded for growth including building the largest vanadium electrolyte plant in the world just as the world is realising its need for safe large scale battery technologies. With the highlight that the batteries have a 20-year life with no loss of charge and the vanadium can be recycled at end of life. This makes a compelling reason for this technology to succeed. Read their 2018 accounts when they are released before the end of June!

It should be remembered in any economy, there are always stand out star performers and right now Africa needs electricity and a safe and secure supply being implemented as quickly as possible. The combination of solar and wind with ESS (energy storage solutions) is the most cost-effective and easy installation with the lowest generation cost. Many of these projects will be small independent projects as the SA government realise this is a very easy solution to Eskom's problems. The UK has just as much political issues as any other country. UK investments are not any safer than any other country. SA want to use locally sourced and manufactured solutions. Bushveld Minerals and Bushveld Energy tick these boxes!

This company is well managed by a keen and motivated board of directors who are key in building not only infrastructure but political relationships with key partners and stakeholders. Honorable people, building an ethical business which SA will be proud of.

It just so happens this may well turn out to be a humdinger of an investment opportunity for those with an appetite and willing to research fully. At 26 pence there is more upside potential here than the risk for it collapsing any time soon.

The 8th May should be the make for the future. Any government in SA will want business and manufacturing to be at the centre of their future economy in my opinion.

So the conclusion of the potential joined up valuation for Bushveld Vametco at 87p plus Bushveld Energy with a VRFB Electrolyte plant set to be the largest electrolyte plant in the world at around £2 puts us at £2.87 plus around 30p for our Lemur project.

That makes us seriously undervalued right now.

Let alone when you look at 5000 mtV per annum or even 10,000 mtV per annum in 3 years time.

Those projections from last year which I calculated all of a sudden look realistic again. Not now of course but in 2 to 3 years. That’s what happens when you look and add the parts up.

Exciting times are ahead and this story is a long way to go. Timing and patience will be rewarded.

Hamill23 - have you tried HL:
https://www.hl.co.uk/shares/shares-search-results/b/bushveld-minerals-ltd-npv