Member Info for Sanchez599

Interesting quote from Mastermines regarding Dalian not happening because they can't get enough V205. That's not ideal... Clearly some new supply is needed ASAP. The last thing we want is big name projects being canned for lack of V. Stories of production lines using V205 standing empty.

https://twitter.com/VanadiumWorld/status/1025612026142314496?s=19

Perhaps Knuttie! Maybe the winner should choose the name for the £1 cup if there is to be one... ;)

I think H2 is going to exhaust the superlative collection once the news starts flowing. I wonder what valuations will look like by then once we move away from the misnomer of simply counting Vametco.

Moving up, 26.2, 26.45, 26.55...

Totally agree Daitom. And PDub is right Arc are worse than useless. At least SP Angel talk a good game. Arc seem to have done literally nothing for us.

It highlights a good point that all across the land we probably look like a strong sell to those seeing our name in recent PR and taking a first casual look. Yes they should look further but some just don't.

As much as I love hearing about the romantic comedy that is MMA, Daisan's surprising passion for Bruce Lee, Endion practising one inch punches in the mirror and Massive Ray's imminent destruction of Capa, (most would enjoy that I feel), it would be nice if that was because we were discussing BMN. Roll on the not-at-all late-depending-on-your-perception Q2 update.

Yep, I shared that link which I got from Nick a while back. He seemed like a reliable source for the info.... I wouldn't trust anything that had Bushveld as a strong sell on it tbh.

3 minute video with Mikhail on VRFB and energy access in Africa. Ramping up the SA PR. JSE is coming. From mining weekly, shared by Vanitec and Creamer Media. https://youtu.be/c_fStd9m6wE

It also doesn't set a timescale for that size of market. Clearly with a growing industry that represents Mikhail's view at a specific point in time rather than at critical mass. I wonder how quickly he sees a return like that happening. One thing's for sure from what we know now to that, there is a hell of a journey for BE to hit anything like even 10% of those numbers. Can't wait to hear some detail.

A colossal sell is exactly what you are being asked to think Endion.

Who is still eliciting responses! Typical MM bs.

The African continent, as well as the Middle East, and India, are among the first global geographies that are being targeted for supply of the VRFBs from a South Africa-based supply base and supply chain.

Paid!

Just looked a bit more at that number of $90m. Interestingly reverse calculated, at a 35% tax and royalty rate that $90m equates to a forecasted pre-tax profit around $140m for BMN. Extrapolated further this pushes their estimate for the overall Vametco pre tax profits to around $198m assuming 70% ownership and $235m at 59.1%. Achieving that would equate to around 3750mt sold at a profit of $53000-$64000 per mt depending on ownership level used. I would suggest we can assume they are factoring in Sojitz' share being taken out in their model based on achievable prices for the year.

What's also interesting is that a forecast profit of $90m doesn't equate to a 25p target unless you use an unusually low PE ratio. Avoiding the debate all I would add is that my money is on a revised target on H1 interims at the absolute latest, if not with the Q2 update. Quick calcs so rounded up and down a little for ease.

Exactly PB, that's most definitely a baseline estimate.

'estimates of post tax profits of over $90m for the year.'

Paid. Good start.

And great post KN, nice to hear from a true friend of someone greatly respected here by us forum folk!

Knuttie is clearly one of life's good guys and for me embodies the underdog spirit that BMN has needed to get to where it has. He has like many the scousers I have been fortunate to know, a real sense of pride and makes friends very easily! Cancer is the worst. Best wishes Knuttie and wife.