Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The 2019 total supply of Vanadium was of the order of 73,000 tonnes, accord ng to USGS annual summary.
With Australia coming on stream soon, some high cost miners in USA, and Largo and BMN expansion plans, together with possible increases in China and Russia you could see a production capacity of the order of 100,000 tonnes per annum by mid next year after CV settles down. If you were to say that the total installed capacity for VFRB's was only 50% used - they will after all be competing for market share - that gives us a demand of 125,000 tonnes on top of the steady state steel reinforcement demand of about 75,000 tonnes, or a total of 200,000 tonnes per annum. Where is the extra 100,000 tonnes coming from?
My guess is that Lithium batteries will take up some of the slack in the short term, since they are cheaper in the short term - however there is obviously an opportunity here for a significant re-rate of BMN when the market realises the possibilities.
Mogwhy,
I may be a little slow, but if 3GW in KSA uses 15,000 tonnes of Vanadium a year, how does 20GW in China use 250,000 tonnes a year? Pro-rata that would be 100,000 tonnes. That would reduce the energy sector requirement to the order of 200,000 tonnes per annum - still a huge amount and we will be in a supply shortage, but I would rather deal in accurate figures, unless there is some reason the Chinese facility is using much more Vanadium?
Hamill23, you are obviously a trader not a holder.
I may be blind, but can find nothing in Pdubs posts about suspension of dividend. hardly surprising since Pdub IS a long term holder and is fully aware that BMN have yet to pay a dividend so suspension is not an option. You are deliberately trying to muddy the water.
Filtered
LSE spread quoted at 37.5% !!!!!
someone is making money.....
The Brent futures are selling from $26 in July to $33 in December.
HUR break even price is $27 according to our CFO in the CMD presentation.
That's what the markets think, given the known unknowns we know of now.
I'll go with that for now, until we know more.
DYOR
Cliveas
I suspect that by the end of May you could have changed your mind. We are just about to move past Spain and Italy. Mind Germany seem to be coming up on the rails, with Denmark challenging hard.
Still, all this is going to mean many more antigen (PCR) tests required, especially with the failure of the government's preferred antibody tests - - its an ill wind, and all that.
Surprised but pleased to see this on this BB. Lions led by donkeys springs to mind when I think of all our NHS and other key workers doing what they are doing and not supported properly.
The sooner we can get to our 8 million tests target the better for this country. Who is investigating and accelerating the production of chemical reagents to help make this possible? Especially now the Oxford tests on antibodies have all come back as not giving good enough results to be reliable. NCYT tests will be needed for many months more.
The issue I see is that treatment needs to start early in the disease. In UK we are currently only testing when there are confirmed symptoms, and the test results take a while. The SNG001 needs to be combined with a massive push on early and repeated testing to give maximum benefit.
Link to the annual report published last night
https://documentcloud.adobe.com/link/track?uri=urn%3Aaaid%3Ascds%3AUS%3A9cd5d5f4-ff38-4ed6-9303-935220a31858
Just glanced through TLF and the drs theory. Apart from over thinking and over worrying, it is factually incorrect. HUR say that both Wells 6 &7Z are drawing from close to the 'heel' where the well goes horizontal, not from the toe. I may be totally wrong of course.
Just saying........
DYOR
RC2020
We have two Wells that from pressure data show close connectivity. One well is dry, one has some water cut. If there was aquifer water in one well, then both would be producing water cut. Therefore it is perched water in one of the fractures. Seems simple to me, or am I missing something that all the know alls are telling me? They are concentrating on risk (d riving the price down) rather than the facts. Still, thanks, I have averaged down this morning on the RNS.
Here is a link to an interesting article (well I thought it was interesting)
https://www.energy-storage.news/blogs/redox-flow-batteries-for-renewable-energy-storage
Congratulations Hull.
Now buy the little'n some 88E Shares - I'm sure they will thank you for it!
We are currently awaiting the arrival of our 17th grandchild between us - I know, we are solely responsible for the population boom.
GLA
Spagbrush, your grandfather and my father were in the same squadron, my dad ended with DSO DFC and bar. The few stories he would tell were about how good the plane was - with two merlin engines he said it was faster than the ME262 jets.