Member Info for RichKen

Pdub, if a post could be recommended multiple times your last post would be it.
Unfortunately so people just don’t get it.

Great to have Knuttie back! Happy New Year sir! Hope you and your good lady are both well! So different from a year ago when both are good ladies were really struggling!
Unfortunately every month this board suffers with the emergence of another village idiot but we are always glad to have you and MassiveRay on hand to keep the board on focus!
Good to have you back!
Cheers RK

With a current mining output of just over 90,000 mtV per annum globally and expansion will put pressure on the price if there is a greater demand in consumption. Bushveld Minerals need to only ensure they can maintain there current customer base and be ready for the growth curve of vanadium electrolyte from there own market and supporting their VIP’s.
This is enough for Bushveld and will be plenty sufficient for our investor base.

Just remember we know that we will be seeing:
- RNS on BESS project
-RNS confirmation of Mokopane moving to a licence completed to allow a mine construction and initial off take agreements
- RNS on completion of consortium take over of Enerox GmbH
- RNS on Full business operations for Q4 - approximately 30th January
- RNS on JSE listing
We may also see a surprise or two, including the announcement of a new major investor in 2020, if the energy industry wake up to our potential this really could happen.
- RNS on rapid SP rises in MM auctions

2020 will be the year of Energy Storage and the VRFB coming into the main stream.

Have a great weekend all!
Cheers RK

Good to see you back Pdub! Happy New Year to you and Girlie Nextdoor!

Paul, you have to see that we really did not expect the FeV price to drop like it did. If it had stayed anything above $90 per kilo our SP would very likely been in the range I had predicted.
Today the the FeV price does not need to get any where near that level to give us serious income.
Upgrades on the plant to increase yields on both plants are super important even just so we can have enough production to satisfy our existing US clients from Vametco and give mass flow of V205 from Vanchem for electrolyte production!
These are all absolutely required as many have underlined.
But clear future revenue means future profits which increase the value of the business and clear strategy and delivering is critical of course. FeV prices in the $40 to $50 per kilo would work quite nicely for Bushveld Minerals.
Cheers RK

There are two points to the electrolyte residual value:-
1. The Electrolyte performance does not deteriorate any any meaningful way over life. The membrane in the stack does. So it would be possible on large systems to only replace the stacks, pumps and inverters.
2. If the VRFB was a smaller unit the electrolyte can be drained, and it is possible to extract the V205 bear in mind there is circa 145 grams per litre. This can then be reprocessed into FeV or reused as V205. So the market value will depend on the global pricing at that time. That will depend on the global demand and the number of steel / VRFB requirements at that time. To forecast that in 30 years time is a huge guess. But today’s price would be a good basis.

Not sure if that helps the reasoning?
Cheers RK

The SA BESS RNS is likely to blow the doors off the SP. Anyone who thinks otherwise is not understanding the implication of this project. The project and the tender is very carefully written to point at a supplier who can supply a great percentage of local content and utilising SA labour as much as possible.
Try finding another SA company which can supply 20% of local content in the system.
We know the project will need a minimum of 14400 tonnes of v205 if they used 100% VRFB!
This would equate to just under 100,000,000 litres of vanadium electrolyte.
Now that size of contract would be monumental for this business! It is possible. Even a share of this would be hugely valuable!

The good thing is Kev that we can sell the V205 to Bushveld Energy, Bushveld Energy can make Electrolyte, sell the electrolyte by the litre to the leasing company, then take a royalty/ percentage on the lease agreement to the VRFB manufacture, with a guarantee to take it back and recycle it! In effect it will make profit 3 to 4 times as well as over its life!
It is such an import fundamental for Bushveld Minerals.

Well I have a VRFB on my list of purchases in 2020 or early 2021. I will be asking though where the vanadium is from. It must be Bushveld Vanadium after all! No other will be good enough!
Voltstorage are offering 500 euros for recycling at the end of life! That isn’t enough! In 30 years time that vanadium will be worth much more!
I think these companies are missing a trick on the marketing they should be guaranteeing the electrolyte for life! The stack should have 20 year guarantee! Only the inverter, pumps should be shorter!
Right now there is an open opportunity in the UK as there are no residential VRFB suppliers. That is a very tempting thought....it would be great to open the door to this and how easy would it be to convince ‘joepublic’ on the risks of Lithium against Vanadium. Only need to look at all these electric scooters spontaneously combusting.
I might know a good VIP partner!
But the clients Bushveld Energy will target will be the big players, that is where the big profits will come!

In the end any and every credit the Mokopane mine can receive from its production to make it the lowest cost Vanadium pentoxide mine in the world will be excellent news for investors, it will reduce the capex and opex and accelerate the mine expansion!

On the VRFB front a home size VRFB from Volterion has in its 2/5/10kW system has a 660-litre tank for vanadium electrolyte - so that will be 63 kilos of V205 per system!

20,000 cycles and return on investment 3 to 5 years! That could reduce if they leased the vanadium to the homeowner.

No fire risk! That system could last 27 years in an average home! Based on two cycles a day which is unlikely!

I wonder if Bushveld Energy might add Volterion to there VIP's?

Homemade fertiliser for Africa - a continent that has struggled with agriculture but needs the growing population feeding! Could South Africa become the garden of Africa?

Ours will be much cheaper than any that may come from the Sirus Minerals mine if it gets completed!

The attached is full of incredible facts!

http://www.bushveldminerals.com/wp-content/uploads/2017/08/201602040458050.pdf

Initial annual production of V205 was estimated back in 2016 of 9630 tonnes per annum! Sounds very close to 4200 mtV which will be processed at Vanchem!

42% of the ore removed will be Iron Ore - that is one of our by-products! Don't forget that is where this whole project started!

If Bushveld Minerals were to turn all their Vanadium Ore to V205 into Vanadium Electrolyte to supply the growing Vanadium Redox Battery market they could produce:
48,275,862,068 litres based on what we know today.....

Imagine the income from leasing that amount of electrolyte!

Cheers, RK

Compared to any other mine in the world which is hoping to open Mokopane has the highest quality resource and the largest ore body in the world - 1.75% V205!

We have not even opened it yet. We have so many other highly profitable parts of the business and this is a "small asset" in our back pocket!

Bushveld Minerals has over 3,500,000,000 kilos of High-Grade Vanadium with an asset value if we never made any electrolyte out of it - US$157,500,000,000!

That is a minimum of 157 Billion dollars!

And our current market valuation is just £247 million

Let's keep a balanced perspective of this business....

Cheers, RK

Very high!

It will not be long till we see some significant news on VRFB deployments in 2020!

Well, I can live with that today! Only 254 more trading days in 2020 left.

In fact, that would be reasonable every day! Anyone feel the same?

Still, at today's SP this is an absolute steal of a buying price!

If you are buying for an investment to hold for 1 to 5 years you are buying into a company that is going to be not only huge in a mega fast-growing market - Energy Storage and Vanadium Redox Flow Batteries, but also into a well-established market of providing essential steel strengthening additive, which it appears to have woken up in China!

This means strong revenues from:
- Ferro Vanadium Sales, Nitrovan Sales, V205 Sales (global market 90,000 mtV in 2018)
- Vanadium Electrolyte for VRFB
- VRFB Sales in Africa
- VRFB Investments in Avalon and Redt
- VRFB Investment in Enerox GmbH, a leading Vanadium Redox Flow Battery manufacturer in Austria
- Renewable Energy Projects management in Africa
- Vanadium Electrolyte Leasing
- A 10% shareholding in Africa's fastest-growing Tin mining company Afritin

Yet still, the value is a frankly ridiculously low £247 million - In 3 years time, we will be highly likely to be making more than 50% higher this in annual profit!

All in my opinion but Fortune and Mikhail have explained how this is laid out very clearly!

Still having a very blue day on the years the first day of trading is encouraging for all the right reasons! Who bought 4 shares! That could be the most expensive buy of the year, but I hope it isn't! I am looking forward to 4 shares costing over £4 plus trading costs!

Cheers, RK