Mastermines - V prices30 Sep 2018 17:13
'THE MOST AMAZING GAINS I CAN EVER RECALL WITNESSING OVER A 2 WEEK PERIOD FOR ANY MINERAL.
#Vanadium #Pentoxide #V205 98% #China #Spot hits a high of 420,000 RMB/ton or USD 30.56 LB up a massive 23% in one week to SEP 30 #Ferrovanadium and Vanadium #Nitrogen post similar gains.'
https://t.co/HtETVSjo0E
I don't know about anyone else, but as great as 30p was and is to reach, some of the lustre of that long heralded milestone is removed for me by how lowly that proves to be for a valuation for the company, now we are here.
The share price isn't even keeping track with the vanadium price, let alone what the company is doing alongside these exponential gains.
We should be twice the current share price taking a most conservative view. With even the smallest grain of recognition from our ungenerous market of the actual performance, might and prospects for this companies arsenal of assets, we should be discussing share prices in the pounds.
Let alone the fact that we should be going into 2019 looking at a growing $375m revenues from one asset, an actively deal-making Bushveld Energy with valuation plan, Mokopane license, dividend strategy, Lemur and Afritin at key milestones, 74% of Vametco and Brits ownership structure resolved and with massive grades.
30p for all that is almost as laughable as calling a $35 average price per kilo for V next year when it will be starting the year from around $100+.