Member Info for RichKen

Thanks Gents - Corrected and reposted!

We have many new investors who have joined us recently and it is really worth looking at the basic fundaments that Bushveld Minerals have in place.

Firstly Bushveld Vametco – this is the vanadium mine (open cast), currently, the plant is set up to produce 3750 tonnes per year, have had an upgrade completed in June 2018. Bushveld Minerals own 74% of this mine. During 2019 the plant will be fully upgraded again to 5000 tonnes per year. The plant effectively has an operating cost including taxes of around $35,000 per tonne although as the throughput increases this drops slightly due to efficiencies. Currently, the plant is providing FeV as a product called Nitrovan which has a slight premium to FeV for use as a steel hardener. It has a market price of around $120,000 per tonne. Basic maths would see this over the next 12 months (assuming everything was the same) giving $318,750,000 profit but if we take 74% of this it equates to $235.875 million.
Currently it looks like we could still see increases in the price of vanadium due to the restricted supply and we may see over the year ahead the production figures increasing as the next plant upgrade is completed. We have Vametco 142.4 Mt, Brits approx. 55Mt, Mokopane 298Mt JORC reserves of high-grade vanadium.

Then we have a very exciting new opportunity in Bushveld energy, they will produce electrolytes for Vanadium Redux Flow Batteries. This plant is under construction and will produce the electrolyte to build VRFB with space to expand as demand grows. Full details of this are due later this month. The business will lease the electrolyte to its clients keeping the key asset the vanadium used within its own ownership which will be very profitable long term. In the future, they are expected to manufacture their own batteries too. This has the potential to increase the value of the business by more than double whatever its value as a pure play vanadium minor. No value is attributed for this at the current time. The business could gain £2 to 3 billion in value very quickly once the operation is production and long-term over £10 billion once the mass requirements for this technology is proven

Bushveld also own a company called Lemur a coal and power supplier in Madagascar. This is under construction and due to produce power in 2021. The Bushveld management are trying to build this up to a very good value and it may well be sold for a very good price when the time is right. No value again for this is attributed in the current SP.

In today’s economic and political climate, the assets this business holds prove that this fast growing business is clearly very undervalued and has huge future potential underpinned by the massive profits currently being generated.

For more info go to Bushveld Minerals website and The Bushveld Perspective website

Cheers RK

We have many new investors who have joined us recently and it is really worth looking at the basic fundaments that Bushveld Minerals have in place.

Firstly Bushveld Vametco – this is the vanadium mine (open cast), currently, the plant is set up to produce 3750 tonnes per year, have had an upgrade completed in June 2018. Bushveld Minerals own 74% of this mine. During 2019 the plant will be fully upgraded again to 5000 tonnes per year. The plant effectively has an operating cost including taxes of around $35,000 per tonne although as the throughput increases this drops slightly due to efficiencies. Currently, the plant is providing FeV as a product called Nitrovan which has a slight premium to FeV for use as a steel hardener. It has a market price of around $120 per tonne. Basic maths would see this over the next 12 months (assuming everything was the same) giving $318,750,000 profit but if we take 74% of this it equates to $235.875 million.
Currently it looks like we could still see increases in the price of vanadium due to the restricted supply and we may see over the year ahead the production figures increasing as the next plant upgrade is completed. We have Vametco 142.4 Mt, Brits approx. 55Mt, Mokopane 298Mt JORC reserves of high-grade vanadium.

Then we have a very exciting new opportunity in Bushveld energy, they will produce electrolytes for Vanadium Redux Flow Batteries. This plant is under construction and will produce the electrolyte to build VRFB with space to expand as demand grows. Full details of this are due later this month. The business will lease the electrolyte to its clients keeping the key asset the vanadium used within its own ownership which will be very profitable long term. In the future, they are expected to manufacture their own batteries too. This has the potential to increase the value of the business by more than double whatever its value as a pure play vanadium minor. No value is attributed for this at the current time. The business could gain £2 to 3 billion in value very quickly once the operation is production and long-term over £10 billion once the mass requirements for this technology is proven

Bushveld also own a company called Lemur a coal and power supplier in Madagascar. This is under construction and due to produce power in 2021. The Bushveld management are trying to build this up to a very good value and it may well be sold for a very good price when the time is right. No value again for this is attributed in the current SP.

In today’s economic and political climate, the assets this business holds prove that this fast growing business is clear very undervalued and has huge future potential underpinned by massive profits currently being generated.

For more info go to Bushveld Minerals website and The Bushveld Perspective website

Cheers RK

"Vanadium prices steady as price spread narrows

Ferro-vanadium prices continue to rise in Western Europe albeit at a slower place as price range narrows.
Fastmarkets MB estimate that ferro-vanadium prices rose by 0.1% in the week to US$124.25-126/kgV in Western Europe.
Prices in China remain static at $130-140/kgV according to Fastmarkets MB but appear to have slipped to $137.5/kgV from $144/kgV on Monday according to Asia Metal Inc. as reported on Bloomberg"

These are truly awesome prices for Bushveld to be making huge profits bearing in mind out all in costs are $35 per kilo

Serenus, many thanks for your kind comments on my article on BMN Fundamentals.
I hope to be putting something new together very soon.
One very important point for all at the moment is that our investment is one of the most profitable places to be during all the political fall out at this time and it is great to have something very positive to focus ones attention on!
I think as someone posted earlier about ASOS as an investment, this is one of those companies that we will look back at and we won't quite believe what we invested in and how fortunate we all were to get in.
After the webinar, I am starting to think even Ophidian's projected SP is conservative. In 2023 and beyond we could see in excess of £15 or higher. Such is the potential here. Many will take small chunks out on the way up but once the dividend policy is made clear and we have the full year's figures out and even Q1 2019 we will see a further SP price jump. If we are not above £2 by the end of 2019 I will be very much shocked.
Take care all and have a great evening!
Cheers RK

Good morning all,
Anyone even thinking about selling right now would be really silly. This is just a game to extract more shares. They must be very short of them after yesterday. The fundamentals of this business have never ever been stronger than they are now and we are extremely undervalued.
We know we are nearly at the end of one of the most incredible quarters the company has had! Then at the start of the next one which is going to be even stronger. We have enough cash in the business to pay for the new electrolyte plant out of revenue, we have enough to pay for the plant expansion to 5000 TPA out of revenue and still make huge profits. This SP price and this buying opportunity will not last long. We are 1 hour in on a morning and there will soon be a something even more concrete substance to see on the Q3 Bushveld Energy update and then additional information coming on the Dividend Policy for the company moving forward.
So no panicking should be happening and only buying more shares if you can get them. You should also remove stop losses! If there aren't any in place there is no point in moving the price down for the MM's.
I hope you all have a great day. Remember the fundamentals are super strong here!
CHeers,
RK

Loudspeaker - you missed my point - the spread reported on HL this morning is constantly within the range of 0.2 pence. Not 0.5p or even 1p.

It is very interesting this morning and something I have never seen before on HL (with BMN) that the actual share price is moving all the time and the reported spread is no longer in the 0.5 to 1.2 p range its is in the 0.2 p range and the price is able to go up and down as it really is. This is much more like other stocks I have held in the main market. Have the rules changed now for us as our valuation is above the £500 million mark?
Good to see we are still rising and rightly so, we are still hugely undervalued and our fundamentals are even stronger!
Cheers,
RK

Interesting finish with HL with a sell price at 43.5 and a buy below at 44.30. Will make for an interesting start in the morning.

HL 44.0/45.0 just lifted.

Quindell, as LTH I can say that the places we are at now with the company fully de-risked, is exactly we invested in the first place and now the daily gains are bringing great reward to any long-term investor here. Then we have a clear strategy moving forward. This is not a two-bit AIM company where the company is driven by sentiment. It is driven now by fundamentals and a clear management vision which is turning into a reality daily. So for all the rather substantial gains already achieved by many the future gains are going to be very good indeed. Then consider a clearly thought out dividend policy which in many cases will prove to be much more than most peoples initial investments you can see why people are here for the long haul.
Even newcomers joining today will see a very good reward over the long term. Just read what BBN has stated below the big money will come here in 2021/22. In the meantime the journey will be very lucrative for many even if people sold small chunks each month to create a salary, those salaries are going to be very good indeed to compare to what the majority have earned themselves in a year. In fact, the dividends themselves will likely do this going forward. So if you check in in two years time when we are around £3 to £4per share I would not be surprised if you see many of the long-term holders still here and equally enthusiastic as they are today.
It is a real testimony to what this company is as an investment and a future for all those here, those working for the comapny and the good of the planet!

Welcome to the board EpicAdventure! Really pleased to see you posting. You know all the places to do your research. There are many posters on here who are incredibly helpful and I know they will welcome you on board with you very handy portfolio! Alfa is a key one and we all are grateful for his hard work. BBN is the man with the amazing gift for intuition and seeing the companies vision before they announce them. This is one great investment and you will do well.
Cheers RK.

993444 - Agree 100% with Knuttie. But if I was you I would keep my full holding. How could you sell knowing where this is going. There really cannot be such a well researched investment with clear knowledge that it is going to go through the roof as this one. It would be like selling Apple shares at 41 cents. You would be bonkers.
Your choice your investment, but rules are for breaking.
Cheers RK

Endion, there is no doubt in my view that they are accelerating the programme to increase production. They have the financial resources to do this and the only thing which can hold them back is the delivery time of the equipment and the installation. I think we could see this at least a quarter earlier than they originally suggested. I think they are even looking at what the need to double the production again to 10,000 mtV.

Nice. If he can buy the motor he can afford the insurance. Hope he can afford the depreciation! One very fast motor!

Peterfal, have you ordered your 812 Superfast?

Cindercone. I think you will find he has been doing some research on TBP and been fed some rather good research by posters on here to help understand the fundamentals a little better. Also the realisation that FeV prices are not going to drop any time soon, in fact, they are more likely to exceed $150 per kilo very soon. ($75 - well he couldn't raise it too high, just yet!!)
5000 Tonnes per annum and he knows we are increasing to 10,000 tonnes per annum after we hit that target by expanding Vametco.
Then he knows all about BE, but cannot include this in his SP prediction as the plans are not clearly laid out yet in public. I understand he is expecting our SP to be many multiples of the current price, but he can't say that for reasons already given by other posters.
In 5 or 6 weeks this new target is highly likely to be broken. A few people might have a very happy Christmas.
Cheers, RK

Buzz, "Woody where is Bushveld Minerals going?
Woody - "I Don't know, what do you think?
Buzz - "To infinity and beyond!"

41.5 / 42.0

Friday humour - Cheers, RK

You are the analyst you tell us! What a stupid comment.

Try doing some research, read this board, read The Bushveld Perspective website whilst you are there look at the video section listen to our CEO's and come back in 2 hours time then tell us if there is any reason.
Oh and you might find we are making a huge amount of profit, but we are going to be making quite a lot more in the future. We mine some grey stuff that is quite valuable...
Sorry but you tipped me over the edge...
Cheers RK

Ophidian,
Always appreciate your feedback on the mine technicalities.
I was very encouraged by the drill data for Brits consistently good grades and the fact that they are determined to start production here soon and then the Mokopane snippet gives a taste of the determination that Fortune wants this baby in production as soon as he can. I messaged him on Wednesday about Mokopane saying all was quiet, so maybe things are happening.
The one thing that really struck me was that we knew Q3 Vametco results would be lower than any PI would have wished for, but that is the end of any real bad news for the foreseeable future and when Q4 results come in with the new higher FeV prices things are going to look exceptionally good.
Added to the point that was made by SP Angel this morning (not the rather foolishly low $75 kg price) but the fact that they can only see the price rising in the future because they can't find any sources of vanadium coming on stream in the next few years apart from the existing players, that there really is going to be a huge supply issue which is perfect timing for Bushveld Minerals, when they need the maximum amount of revenue to fund every expansion project to bring them into play as soon as they possibly can to maximise future revenue.
If the forecast from the report from the other day is anything like correct which suggested the world will be needing 200,000 to 300,000 tonnes of vanadium per year within 3 to 5 years. We are in a very good position to maximise on this.
let's hope they can continue to deliver in the way they have been so far. This continues to be one incredible investment.
Cheers,
RK