Member Info for SickOfTheRatRace

For those using Vanadiumprice.com to make decisions, the latest update shows rises across the board. Steepest rise is in Europe with v2o5 and FeV both up 2.58 and 2.37% respectively.

https://www.vanadiumprice.com/

All sites are in agreement. The trend is UP.

I think we will look back on this RNS in the future and reminisce as the one that started it all.

Many thanks fb.

Good to know that there are options other than a massive placing, perhaps a mix of the two.

It is of course important that potential investors understand the outcome and this will add to earnings. No need for "keep the lights on" placings here now.

I am not a financier but it would seem to me that raising the money via debt instruments is significantly easier if as a company you have already proved you can mine and process the material at smaller scale. Risk significantly reduced, no?

fatbanker what's your take on this?

Ultimately we could see Bushveld Energy working closely with Largo. After all as far as BMN goes both companies want the same outcomes. Largo is nothing to fear for us as investors, they have their equally important global part to play in continuing to ramp up production to help fill those VRFB electrolyte tanks with (structural deficit) Vanadium. I see a very strong future for BMN and Largo, possibly with BE sitting between them in some capacity providing services and consultancy to both.

Couldn't agree more. Just to restate the point that BMN have stated they expect the market for Bushveld Energy to be worth ten times the mining side. If that comes off as expected then even if we deduct 3p today for SP Angels valuation and say that the mining side is worth 25p today (it isn't, it's worth much more than this) then that will give Bushveld Energy a worth of £2.50 when everything is up and running and ticking along nicely.

Piece after piece is falling into place - V prices, production, Vanchem, Electrolyte, Leasing, gigawatt size projects announced worldwide.

I will say it again, bargain of the century at these prices. From an investor perspective this is the mining sector equivalent of ASOS.

These are very significant rises now reported by two sources. That adds the best part of a dollar a kilo in just one session.

Vanadiumprice should catch up soon (still showing Friday prices).

pdub I agree. Fortune himself said that the Eskom project is fully funded so regardless of what else is going on this project would appear to be going forward.

"Of course, getting the volume of vanadium electrolyte that will be required to fill future market needs will require the collaboration of a great team of vanadium battery producers, suppliers and financiers; I’ll leave that discussion for a future blog post."

This is the key part and something Fortune mentions in the video (if anyone is reading this and hasn't watched it yet, you really should).

Steel plants are not going to be able to step up to meet this increased Vanadium demand, primary producers should be doing everything they can to scale up production which Fortune himself said. Even then, the sheer scale of the increasing number of project requirements being announced which are increasingly in the gigawatt range means there won't be enough Vanadium to go around at current worldwide production levels - and at a time when China rebar is expected to add 15% to global demand. It will be a structural deficit on steroids.

Of course not all of these projects will end up using VRFBs but increasingly the question will be why aren't they using VRFBs given there huge advantage over competitors in the 4hr and beyond space.

This company will become an absolute monster. A share price of 27p is the bargain of the century, just as it was at 2.7p and so it will be at £2.70.

Also if I recall correctly without referring back to the video, the electrolyte facility will require 1,100 tonnes of Vanadium a year at its initial designed production level so that's all of Vanchem and a bit more (at Vanchem current production level).

I suspect BMN already have the plans in place to scale the electrolyte plant but will hold off from announcing anything until there are confirmed customers that require the product (of course BE itself can be a customer as well as third parties).

Figures previously quoted were $10m to build the electrolyte facility and a further $20m to start up our own VRFB build/production facilities (presumably within the same building).

Well I have to say that was a breath of fresh air in terms of CEO interviews. A real in-depth analysis of the company history, the markets, the opportunities and the compelling investment case.

I'm going to watch it all again.

First class Fortune interview and a MUST watch for all investors or potential investors.

Wow this is turning into a "Piers Morgan Life Stories" interview. Loads of history on the company and Fortune himself. Loving this so far.

Thanks clark, 44 minutes long, time for a drink and a sandwich.

The numbers are staggering. Even if BMN/BE are involved in only a tiny fraction of these global projects this is going to make investors very rich.

As BBN often points out sometimes these things are right in front of our faces!

If we go by the previous Bushveld presentation then the batteries will need between 3.5 tonnes and 5.5 tonnes per megawatt hour depending on the battery and electrolyte efficiency.

http://www.bushveldminerals.com/wp-content/uploads/2018/11/Energy-Storage-Vanadium-Redox-Flow-Batteries-101.pdf

If we take the top end of that (which was Bushvelds Vanadium 101 figure) then you need 5500 tonnes per gigawatt.

Or to put it another way you need to start looking for the entire annual output of one or more primary producers - for one factory.

(I am sure Alfa will be along to correct any irregularities here)

I maintain my long held and communicated position that an approach is an inevitability once the Mokopane licence is granted.

Yes this has already been discussed since I posted the original article a couple of days ago. It is believed it is a typo and should refer to Vanadium.

What should open eyes wide about this announcement is from notification of forming a partnership to a gigawatt scale manufacturing facility producing VRFB's in only a year. That's a lot of Vanadium and a lot of money behind this to go out and ensure continuity of supply. Where will this Vanadium be sourced? If you are looking at gigawatt scale manufacturing you probably don't want to be buying Vanadium on the open market and subject to variable price movements. More likely you will look to acquire particularly if you have a huge pot of cash to do so.

When an oil rich economy such as Saudi starts throwing weight behind renewable storage it shows the clear direction the world is heading in. Even the largest well known internationals like Shell are getting behind renewables and diversifying their interests beyond just oil. The desire to move early and quickly is accelerating because the days of oil based economies are numbered.

"A German-Saudi partnership has been formed to develop and manufacture vanadium redox flow batteries (VRFB) in Saudi Arabia.

The joint venture— formed by German technology firm the Schmid Group, Saudi government-backed Nusaned Investment and the kingdom’s RIWAQ Industrial Development Company— expects to have a “gigawatt-scale manufacturing facility” producing VRFB systems in Saudi Arabia in 2020."

Wonder where the Vanadium will come from.....?