DREAM PROJECT - A Quick Overview19 Mar 2021 18:49
Nothing better than watching the latest interview, but a quick review:
1. Will become the largest Vanadium producer in the world
2. Will be the lowest cost producer in the World
3. BFS due in the next few months - As CEO says ' this will electrify the share price'
4. NPV - $2billion, most likely to be revised up, a very conservative price used
5. IRR - 89%, could be revised up (unheard off)
6. Payback Period- 1 year, again could be revised down lol
7. Cost of production - $1.54, lowest in the world (When including all the by products, Vanadium gets a credit of $1.20 /lb, completely unheard off)
8. ALL infrastructure already in place, I.e Power, water, roads
9. Ex CEO of Xtrata and Anglo American have bought in
10. Ex CEO of Xtrata - Sir Mick Davis, will become Chairman of Ferro Alloy
11. Vision blue, Sir Mick' fund, has options to buy upto $20mln worth of shares at 78pence!!
12. Unique asset, unlike any other asset, therefore easy to mine and process
13. Open Pit Mine
14. ALL equity dilution now done, all going to be going to Vision Blue, so in sticky hands
15. With the current mini processing of 1500tonnes a year, revenue should be $27m at current prices, backing up current market cap, hardly anything baked into consideration for the big mine
16. Only 1 ore body explored, there are another 4!!
17. LSE MAIN MARKET Listing
18. Battery Metal
19. Vanadium will be in deficit from 2021 onwards
20.ALL the due diligence has been done by Sir Mick and his team
21. This is not just a financial investment. Sir Mick and team will be providing all there technical expertise, experience and utilising their contact book, to take this to the next level, and into production!
22. Target price from last year 171pence, after BFS expect this to be revised up.
This will be multiples. The asset is world class, and now we have world class investors and management to take this to the next level!
After many people read this over the next few weeks and do some homework, I expect a continuous rerate, a long long way to go.
The game changing news has completely transformed this company, some were slow to pick up on it, including myself. Not Mr Thomas, he bought 1 million shares at 15p!
A big gap between current price and $2-3bln NPV, or maybe even more!
Have a good weekend.
Sign In
Follow the stocks
