RE: Re-rate27 Dec 2020 09:17
European FeV has kept rising over Christmas. If anyone is in any doubt about the strength of vanadium fundamentals at present, juxtapose the state of Europe with this rise. This is because stockpiles are being sold down and there is not enough to replenish them, now the Chinese are importing.
When Europe gets into gear during the course of 2021, what is already a robust increase is going to become something else altogether.
Bushveld in 2021 is both a growth story and a story of maturation and timing. We all know how much this business has changed and developed, we also know how well poised it is to leverage the battery boom. Critically we now have the fundamental pressure to realise that progression in our SP.
I dislike SP predictions as they have proven to be nothing more than a stick to be beaten with, however I would stick my neck out only to say that I believe that 2021 will be the year we surpass our all time highs.
If anyone thinks 30p will realise some kind of current fair value for this 4200mtv business at a $30 V price, you are missing what will have already happened by the time we get there, the value of our de-risked expansion, and how much VRFB is about to do for this business.