Member Info for Tyfoon

A bit of reassurance about the current load-shedding going on in SA. I spoke to a mate about this yesterday because he used to work for Eskom a few years ago and he said that their priorities for keeping the power on during load-shedding are the obvious ones eg the hospitals, but the next priorities are the industries and the tourist areas ie the economy, so he felt that it's very unlikely that there'll be any disruption to companies like BMN, and even if there is it should only be minimal.

Ah, thanks Alfa. I recalled that it was all to do with the weight of V as a proportion of V2O5 because it was price per kg of V, and not of V2O5, but try as I might I couldn't quite get there with the numbers. Now I see why, so thanks for the explanation.

from the presentation where he was talking about Mokopane (at 6 mins 25 secs):

"...PFS based on a $33 price per kg vanadium, delivering about 25% IRR, and current vanadium prices sitting a bit higher than 125 plus dollars per kgv... "

Are his numbers correct, $125 per kgv? I thought that was the price for FeV?

*now = know

993444 profit is $100 per kgv = $100,000 per mtv

Alsa, FM told us in that video link from 26/11 that Vametco output is currently 2650mtv, altho we now that they're building up to 3750mtv, then 5000mtv, and then 10,000mtv

Hope that helps

Just to be clear - the last 2 sentences are mine and not FM lol

Great talk by the main man and some key points I picked up:

Current production is 2,650 mtv, which is 3% of global production, going to 5,000 mtv in the 'near term', 10,000mtv in 3-5 years

VRFB market potentially 10 times bigger than current vanadium commodity market

Demand for 50-96,000 mtv for vrfb alone by 2027

Huge numbers on the demand side for V and consequently correspondingly large numbers for our share price when we grab a sizeable slice of the market.

What a great share to be in!

Thanks JMC69, much appreciated :-)

Sharesahoy, can you post a link to for that Forum pls, wlt hear what else Fortune had to say

41.44/ 41.275

MMs walking it down on small trades again grrr!!

Hi Ophidian, thanks for your reply. I'll have to make my reply a bit quick too as we're just about to go out of the door.

Basically, I was trying to shoot down a couple of Twitter posters who were unashamedly ramping Auras V2O5 over any magnetite based V, obviously to suit their own agenda.

You've given me some priceless info re 99.5% purity from salt roast which I can use to challenge them later, wish me luck ;-)

And still they walk the sp down, now 42.64/ 42.585 on HL

Pussible

Ophidian and others, this is a comment from another poster on one of those Twitter posts highlighted below:

"I have the understanding that from magnetite- the V will have alot of iron impurities to remove - which is more costly than processing v from sediment hosted V."

What are your thoughts on that statement? Also, Aura have deposits in the region of 0.4% V2O5, wouldn't it be more expensive to get that low V concentration out of their sediment than it is to get our 2% V out of our magnetite?

I thought this sentence from Spangles was particularly relevant to the financing of BE:

"...for the vanadium redox batteries to be financed through the use of funds from the US Trade and Development Agency, the IDC (South Africa), ESKOM and possibly the World Bank. We also expect other banking facilities to become available to support vanadium electrolyte production and sales through bank finance and leasing facilities."

Part 2:

‘In October 2018, the World Bank Group announced a $1 billion programme to support the deployment of energy storage in low to middle income countries. The programme is expected to mobilise a further $4bn in donor funding and private sector investment to deliver 17,500 MWh of energy storage in these countries by 2025. This announcement is not only an excellent development for energy storage globally, but for Bushveld Energy and its market focus on Africa. With typically over 1/3 of World Bank Group funding directed to sub-Saharan Africa, the programme will likely aim to deliver 5,000-6,000 MWh of storage in Africa alone, or an average of 1,000 MWh per year. Similarly, most of the storage deployed for future projects under the programme will be to ensure greater integration of renewable energy, applications that require long duration, daily storage, which fits into the technical and commercial superiority of the VRFB technology;’
ESKOM is looking at a number of programs including the potential to potentially replace some 9,000MW of natural gas capacity for peak-time generation with alternative energy storage.

Conclusion: Bushveld Energy has a distinct first mover advantage in the supply of vanadium redox batteries into the South African market. We expect this ‘technology’ element to add significant value to the ground and to enhance the overall rating of the business as the roll out of vanadium redox batteries gains recognition and sales momentum.

Get your teeth into that lot BBN :-)

pb940, great find. For other readers, here's the full blurb on BE (more detail than in todays RNS)

Part 1:
Bushveld Minerals are working towards the completion of the Eskom vanadium redox flow battery (“VRFB”) project ahead of the start of commissioning expected in December.
The joint venture was awarded a grant by the US Trade and Development Agency, in support of the Eskom project and energy storage industry in South Africa.
The EIA for the new electrolyte production facility in East London is due in H1 2019.
Bushveld Energy expects to supply samples to potential electrolyte customers in the coming months.
The market for battery storage in both South Africa and Africa overall is seen as ‘significant and immediate’, especially for long-duration and high-volume daily utilisation applications that are ideal for vanadium flow batteries.
The Bushveld Energy team are gaining significant knowledge and experience in the design and implementation of vanadium redox battery instillation and this should give the team a distinct competitive advantage in this relatively new technology and market.
We expect the expansion and rollout to be financed out of cash flow for the relatively modest $10m capital cost of the Electrolyte plant and for the vanadium redox batteries to be financed through the use of funds from the US Trade and Development Agency, the IDC (South Africa), ESKOM and possibly the World Bank. We also expect other banking facilities to become available to support vanadium electrolyte production and sales through bank finance and leasing facilities.
The first Eskom VRFB project is due for completion in December. It sounds as if commissioning is in the new year post the South African holiday shutdown.
‘Test work on the Electrolyte project has been performed by two external parties in the conversion of vanadium feedstock from Bushveld Vametco into vanadium electrolyte, yielding positive results for both single and mixed-acid electrolytes. The results are preliminary; however, Bushveld Energy expects to be able to start supplying electrolyte samples to potential customers in the coming months.’

LS and gigmillbaggie - any chance you could share that video on here? Personally I’d love to see it, esp thru the perspective of hindsight. It may well give us an insight into the vision of the future that FM had way back then and see how it subsequently has played out so far...

Sensational news! You’ve gotta love this company: all in good time, no rush, things will come together eventually, chill, it all takes time. Oh by the way, bloody well nailed it! No fanfare please if you don’t mind, it’s all in a day’s work... My vote for the coolest, most chilled out miner on the planet lol

nick26 - only 1 of those 250k trades is showing on Equiniti, more games to obscure the truth grrr!