Member Info for RichKen

I have to say, the progress in 2019 has laid exceptional foundations. The business has made very good profits in a year which was challenging compared to 2018. But when you look at the achievements and the fact that Vametco is producing monthly production figures with reliable consistency just as the vanadium prices are growing is very good news. Add in the addition 1100 mtV to be produced at Vanchem in various states which actually could well bring in stronger revenues than the average price from Vametco we have a very solid base.

The point when the electrolyte plant gets completed will accelerate revenue very quickly. Add in Enerox and the completion of the Avalon / REDt merger and you have an extra dimension.

We know BESS projects are due very soon and these will be high-value projects.

We have not got anything factored in right now for the largest vanadium mine in the world - Mokopane - should I whisper this? But this mine could easily if required add 20,000 mtV per annum if needed if there was enough processing capacity built. The opportunity for this resource is off the scale.

So where will 2020 SP end up, well it should be very much higher than it is today - very much!

Cheers, RK

I know a lot of people have been asking about examples of companies which dual listing with specific reference to the FTSE and JSE - the current best example is Mondi Group plc. This is a multi-billion value business - LSE share code: MNDI JSE share code: MNP - this is a FTSE 100 company!
This company has a long history so clearly there is nothing to be afraid of! They also pay dividends in sterling and rand. I will leave people to read up on that company if they wish too.

I hope this helps alleviate any concerns.

On a slightly controversial point, I have to say, If Bushveld Minerals can encourage a multi-billion rand investment from SA investment funds and PI's in SA and this gives a facility to raise considerable funds which could pay for the full upgrade to Vanchem and pay to build the mine at Mokopane which would accelerate the output to our 8400mtV target as well as allow the business to construct a larger Vanadium Electrolyte plant as well as the VRFB assembly plant, the income the business would gain would bounce back any dilution very quickly. We have shared ideas of potential income from the business with this all in place. If people really hope this company to be a multi-billion valuation we should allow the company to raise the funds to gain the goals as quickly as possible if they are sure that the global customer base for VRFB is as strong as we all expect.

In the end, we have to trust that Fortune and the BOD will make the best decision based on all they know. They are always right at the front of this market situation. Fortune is very savvy and he will not take risks but he wants the growth. We will see what unfolds.

There is no doubt that this is an investment which is a keeper, but I am sure we will see an appreciable gain in valuation in 2020, but in the years to come it will continue to grow in my opinion year on year and really may not peak until 2026 to 2030. By then I really expect if the VRFB market becomes very large will have a very strong valuation - we could even be a FTSE 100 business. But we have some time to go yet. 2020 to 2022 are the key years as the global VRFB market will become very clear.

These are all thoughts and none of us can be completely 100% what will happen, but the potential and the current position underlines the strengths we have already in place.

All points of discussion.

Cheers, RK

The company wants to be FTSE listed. There is no doubt at all.
The question is will we be joint listed, dual listed or co listed?
Most likely is Dual listed as this is what Tanya was involved in previously.
There are clear definitions on various websites explaining the differences.
But until they announce the way they will proceed we have to wait. Either way we can expect to see BMN.L listed on the main market in the UK in 2020.
Cheers RK

- Bushveld Minerals are a mining business mining vanadium which is used to strengthen steel from its Vametco Mine
- Vanadium is also used in a breaking electrolyte technology used in large energy storage batteries
- Bushveld Have two processing plants Vametco 3200 mtV and Vanchem 1100 mtV - currently producing a combination of 4200 mtV, in last year with an average selling price of circa US$40 per kilo with an operation coast of circa US$19 – but operation costs are lower in 2020
- Bushveld has plans to more than double the capacity of these two plants to 8400 mtV pa within 3 years
- Bushveld has 3 mines Vametco in operation, Brits and extension to Vametco and Mokopane which has the licence for mining fully approved and this happens to be the largest high-grade Vanadium mine in the world – DFS later this year and expect the mine to be opened in 2021
- Bushveld has built up a new division called Bushveld Energy which has partnerships with Avalon, REDt and Enerox GmbH
- Bushveld Energy has installed at the Eskom Battery Test facility a VRFB which has been operational over a year which is being used for evaluation purposes
- Bushveld Energy is in the process of building a Vanadium Electrolyte 200MWh plant in East London (SA)
- The Electrolyte plant will eventually have the capacity for 1000MWh of electrolyte
- 1000MWh of electrolyte needs approximately 5000 mtV per year
- Bushveld Energy is working with multiple partners around the world through Vanitec to build the strongest business case for VRFB
- Bushveld Energy plan to build an assembly plant for VRFB is SA – a Enerox subsidiary is possible?
- The world supply chain for vanadium remains in deficit and although other projects around the world are in planning, Bushveld Minerals is so far ahead of the other players in every respect

These are the key aspects and are all facts!

If you are not sure - then read this:

http://www.bushveldminerals.com/wp-content/uploads/2019/06/Bushveld-2018-Annual-Report.pdf

Last reported financial position is:
https://polaris.brighterir.com/public/bushveld_minerals/news/rns/story/xj0117w

Latest broker report following 2019 Q4 from SP Angel:
https://www.uploadlibrary.com/SPAngel_JohnMeyer/Bushveld_Q4_Operational_Production_Update_January_2020.pdf

Latest company presentation – February 2020:
http://www.bushveldminerals.com/wp-content/uploads/2020/02/BMN-Mining-Indaba-2020-Corporate-Presentation-Updated04022020.pdf

Target broker price 82 pence! This year, 2020 looks very strong indeed!

This is the basis for a clear illustration of the strength of Bushveld Minerals as a business!

Cheers, RK

I can always spot posters with a cup half empty. Mine is always half full!

The MM's are doing everything to disguise our real position. That is fine, it looks like the will soon not be controlling our book. You can be sure that Fortune has not positioned this company to sit in AIM for the future. We have one of the best positions of any company listed in terms of real potential which is actually being played out. Of course we need to see new investors and large institutions building positions here and with the JSE listing and a move to FTSE this will happen.

Just in case any have missed this today from our Bushveld Minerals website -http://www.bushveldminerals.com/wp-content/uploads/2020/02/BMN-Mining-Indaba-2020-Corporate-Presentation-Updated04022020.pdf - see slide 4 for current holdings.

Then see slide 14 to see why the investment is so compelling. In fact, just read it all and take it in!

Cheers, RK

Can we lose the EUA subject guys! Let's have all talk under promotion of our stock, not some flash in the pan metal to remove carbon fuel particles (in exhaust catalytic converters) which are soon to be replaced by EV's that will need a large deployment of safe Vanadium Redox Flow Batteries to make sure there is enough energy available for local balanced grids to ensure we have truly clean air on our planet! Our beautiful mineral is far more exciting :-))

Thanks, RK

Knutsfordnotary - you mean like a prospectus of a company about to float on the JSE!

mmm....you might have a jolly good point. I think that the presentation will read very well in such a document. It is also one of the best presentations that BMN have complied yet, looks very sharp indeed!

Now, we have a crisis on our hands and timings may have to be flexible (Coronavirus, I mean), however, the position of the global need on energy storage and the requirement of vanadium is growing not diminishing from this very upsetting development.

But the prospect of the JSE listing and a move to the FTSE is looking more imminent than ever.

Next RNS due I am sure will be Enerox update. Followed by an update on what is happening with Lemur. That is also missing from the presentation, I am sure that is not in any way an error! I expect it to be gone before the JSE listing. Next few weeks are looking very interesting again as the next steps unfold!

Cheers, RK

Here is some morning reading for all!

Nearly as good as an RNS! http://www.bushveldminerals.com/wp-content/uploads/2020/02/BMN-Mining-Indaba-2020-Corporate-Presentation-Updated04022020.pdf

Cheers RK

THIS
STORY
IS
NOT
HALF
TOLD
YET

And the potential of its valuation has a huge upside!

Just think...
8400 mtV at US$40,000 per tonne - cost US$15,000 per tonne - margin US$294 million
Vanadium Electrolyte - 1000MWh = approx 10,000 tonnes of V205 = 68,965,517 litres at approximately US$80 per litre = sales price circa - US$5,517 million?? Really..
Then there is sales of VRFB hardware, income from Enerox, income from Leasing royalties, potential income from BE Minigrid projects.

I think Fortune is right the market has not really understood this company yet! Not surprising he was walking around the Mining Indaba with a coy smile. I have the same feeling with a very nice shareholding in this incredible business.

Just think about these facts when you wonder if this business is a good investment - in the end the market makers will not be able to stop this. They will be like a piece of cotton thread trying to stop a supertanker at full speed.
Tesla is currently one of 'the' Lithium-Ion battery makers / customers
Bushveld Minerals will be one of 'the' Vanadium suppliers and one of the worlds key VRFB players
Our customers will be Avalon, REDt, Voltstorage and many others. The number of new potential players in VRFB is growing and there is a huge reason for this Energy Storage is going to be massive!

Cheers, RK

@Bmnfan, I don't think pressure from shareholders at this moment is ideal. I think you will find Fortune and Mikhail are master statisticians and when the moment is optimum for this business they will do this. One thing which is almost certain is it WILL happen in 2020!
That is one of the jobs Tanya has been brought in to do. There will be many factors including the real timing of events which will trigger the optimum points, for example - BESS contracts, completion of the EL Electrolyte plant, completion of BE consortium purchase of Enerox GmbH, the commencement of mine operations at Mokopane and the DFS release.
When the time is right it will happen. My view is it is not very far away for multiple reasons.
I also think that when we do start to rise we will see a quite a correction this time and it may lift very quickly to a new level with the news following the Enerox GmbH confirmation and a few BESS projects which will be surely coming thereafter.
2020 is our year and demand is coming. I know that Votstorage is now expanding and looking to grow across Europe so the home VRFB could be coming to a home near you soon. This means VRFB is going to go mainstream! That electrolyte and V205 needs to come from somewhere, and it is not going to be China any time soon. BMN supply V205 to Europe...
That's all from me for know.
Cheers, RK

You are right Pdub. He has everything focused, he has the right connections and they need solutions and he has them! He knows how to please not only politicians, his clients, the local community, his employees and he has made amazing progress to create a compelling and very investable business.
Phase I is nearly complete. Only the East London Electrolyte plant to complete!
Phase II - BESS projects and plant output expansion!
Phase III - Mokopane Developement and greenfield process plant.
It’s all coming!
Cheers RK

Bella, interesting as I understand that VRFB technology was discussed in those African meetings.
Not surprising Fortune is smiling at the moment.
I get the feeling this story is going to explode over the months ahead.
There is a lot of confidence in this unfolding story.
It might be a very good time to list on the JSE and the FTSE!
Fortune’s body language and his impeccable hand on the political and business standpoints are looking very calculated indeed.
Very exciting times are very close.
Keep smiling all!
Cheers RK

Getbusy, I really hope you had good news today. Thoughts and prayers are with you and your good lady! Keep positive and stay strong!
All the very best RK.

Well here is something else very exciting! Well, it was for me!

I have come home tonight to receive a letter from the UK Secretary of State for Business, Energy & Industrial Strategy, with respect to the UK governments policy on energy storage, in response to a recent communication from me pointing out the key advantages to Vanadium Redox Flow Batteries. So, the government has funded two flow battery projects, one involving VRFB (the term used by the RT HON Lady - very impressive!). They are monitoring the performance of the Redt 1MWh installation. More info on this - https://redtenergy.com/redt-install-cornwalls-largest-energy-storage-project/

More details can be found at www.gov.uk/guidance/funding-for-innovative-smart-energy-systems#funding-for-energy-storage-reduction-and-feasibility-studies

That is as much as I can share, but this shows the UK government are very serious about looking at the technology.

This is a very encouraging perspective. Watch this space.

Cheers, RK

Bella, no problem! You are fine to be pickie!
Either way JM has spent some time with FM and MN and he is about as excited as he gets!
He will be posting on here soon being as positive as we all are!
Thanks RK

So John Meyer our broker from SP Angel has said today in an update from the 2020 Mining Indaba in Cape Town - “Bushveld Minerals is going to be huge!”
Nothing else to say really!
Cheers RK

He meant KFC ;-))

Yea and then multiply that by the about of kilos of FeV expected in 2020 - 4,300,000

Every $1 per kilo increase will raise our profit by US$3,182,000 based on 74% ownership!

Now turn that into Vanadiuym Electrolyte which is around US$80 per kilo!

As Nick Derby said - Cash Elephant :-)

Follow the link! https://twitter.com/miningindaba/status/1224076005503119361?s=21

This would be an incredible opportunity to release news and get maximum publicity. Right now the SA Mining Indaba is in full swing. Our SP has been sitting at a somewhat surprising low position and Bushveld Minerals position is looking incredible!
Could we be about to see an RNS of significant impact? Fortune and Mikhail are presenting. Huge audiences. Then there is potentially the completion of a SA lead consortium taking over a leading supplier of Energy Storage technology...
Just a thought.....
Cheers RK