I would not want to be out of bmn right now!! great opportunity has presented itself to buy in low - would expect a multibag off these levels very quickly

http://www.bushveldminerals.com/upload/content/lemur_bid_fourth_supplementary_bidders_statement-10-10-13.pdf


http://www.bushveldminerals.com/upload/content/bushveld%20-%20replacement%20bidders%20statement%20-%20final.pdf ...

http://www.bushveldminerals.com/upload/content/edison%20investments_bmn_040413_outlook.pdf

http://www.bushveldminerals.com/upload/content/macquarie_research_obtalaresources180412.pdf

http://www.bushveldminerals.com/upload/content/2012_04_16_merchant_securities-first_view.pdf

22-Apr-13 Fox-Davies Capital Buy 10.75p 28.00p 28.00p Reiteration

10:00 3.50p 50,000,000 £1,750,000 Buy O
15:43 3.50p 10,000,000 £350,000 Buy O
10:28 3.75p 2,500,000 £93,750 Buy O
09:24 3.50p 2,500,000 £87,500 Buy O
10:04 3.50p 2,500,000 £87,500 Buy O

Plus from July

The Directors of Bushveld believe the Offer is a compelling proposition for Lemur Shareholders. The Offer provides the opportunity for Lemur Shareholders to participate in projects which it believes have a shorter timescale to production and with fewer complexities to overcome than the Imaloto Coal Project, and in commodity areas with exposure to global markets which it believes are currently more attractive than that for thermal coal.
Bushveld has been advised that certain Lemur Shareholders, who together hold approximately 40% of the issued capital of Lemur, intend to accept the Offer within five business days after commencement of the Offer Period in the absence of a superior proposal being publicly announced before the end of that five business day period. Bushveld already holds 5,150,000 Lemur Share or 2.68% of the issued share capital of Lemur. Certain Lemur Shares held by some of these shareholders, constituting 27.27% of the issued share capital of Lemur, are classed as restricted by the ASX, with their release being subject to customary conditions. To the extent these conditions are not able to satisfied by the end of the five business day period presently contemplated, the timing of these acceptances may be modified. Please refer to section 9.16 of this document for further information.

BritishB's displaying a stay long signal for BMN today. Also a well known chartist has 8.61p as the initial target for this one.

cheers northerly1 - personally expect double digits here
atb

Nice rise today so far but plenty more to come, in my view. I just don't think that most people have woken up to this one yet, especially bearing in mind that the vanadium play alone could well be worth over 25p per share.

Another welcome rise today and I'm sure that this will soon reach 10p+.

More volume and we could be on our way.

Get in while you can someone just bought 50million circa 10% of the company, tons of news due DYOR

From the Vanadium Scoping Study…….

Base case production of 1Mt pa gives us 10,370 tonnes of V2O5 pa.

So over the mine life of 30 years, we can produce 311,100 tonnes of V2O5.

Revenues per the SS are $16,500 per tonne (conservative), giving revenues over the mine life of around $5.133 billion.

The profit margin is around 60%, giving project operating profits of $3.04 billion.

Payback is 4 years and 4 months.

Over the 30 year mine life, the project generates free cash flow of $1.612 billion!

So just from the MML Vanadium resource we have.......

Revenues - $5.133 Billion.

Operating profit - $3.040 Billion.

Free cash flow - $1.612 Billion.

This is based on 760,000 tonnes of contained vanadium.

After the August upgrade we have 1,277,000 tonnes of contained vanadium.

This month's RNS puts us up to a potential 2,195,000 tonnes.

If we extrapolate the above figures using the upgrades, it would give us roughly,

Revenues - $14.825 Billion.

Operating profit - $8.780 Billion.

Free cash flow - $4.656 Billion.

When you consider we are targeting considerably more than our current resource, as our platform is still open at depth and along strike. We can probably double the above figures to come to a closer approximation to our Vanadium’s worth.

What an incredible platform!

Fortune has already said that he has had plenty of interest in the vanadium platform, surely this can only be greater after the last 2 upgrades!

Imo, getting a Strategic partner and the associated finance should be relatively easy for such a project, especially taking into account the high calibre of the BoD and their expertise.

Come on Glencore etc

Bear in mind we also have a billion tonne resource of Iron Ore, 442Mt of Phosphate, Tin, Titanium and Coal, plus 57.2% of Lemur’s cash. All for a market cap of £13m, what a joke!

Plus CREC news imminent……….. TAKEN FROM LSE

onwards and upwards ;

This is a huge step forward vanadium is going places these guys really getting their act together, Second cheapest and largest deposit in the world with more to come
DYOR

Bushveld Minerals Ltd

("Bushveld" or the "Company")

Bushveld Vanadium Project Update - Pre-Feasibility Study Launch

Bushveld Minerals Limited (AIM: BMN), a diversified mineral development company with projects in Africa, announces the commencement of the Pre-Feasibility Study Programme ("PFS") for its Bushveld Vanadium Project.

Since completing the Bushveld Vanadium Project Scoping Study, in July 2014, Bushveld has assembled both internal and external consulting teams, with a view to expediting the PFS. The Company expects to complete the PFS during the first half of 2015. Given management's strong belief in the economic viability of the project, work will also commence on parts of the Definitive Feasibility Study during this period.

Bushveld has begun a number of activities required by the PFS. These include:

· A drilling programme which commenced on 6 November, to upgrade the Main Magnetite Layer ("MML") resource into the Measured category, and for conversion into a reserve as part of the PFS programme. This campaign will also collect sufficient core for the detailed metallurgical test work, which has commenced, and assess the extent of the AB Zone, with the calculation of a maiden Mineral Resource expected on this deposit following the drilling. The drilling campaign comprises 68 boreholes and is expected to total 3,700 metres.

· Preparations for a Mining Right Application (in terms of the provisions of South African regulation) in the first quarter of 2015. This includes a Mining Work Programme, Social and Labour Plan, and Environmental & Social Impact Assessment ("ESIA") baseline studies.

In addition, the Company confirms the following independent consultants appointed for the various work-streams of the feasibility studies:

· Hatch Goba - Metallurgy, Processing & Infrastructure

· MSA Group - Resource Evaluation, Mining Studies & Mining Right Application

· Digby Wells - Environmental studies, including ESIA, Environmental Management Plan and applications for Air Emissions, Integrated Water Use & Waste Licenses

More external consultants will be appointed as the project develops at the appropriate time.

Fortune Mojapelo, CEO of Bushveld said, "We are pleased to have assembled a highly experienced PFS team, including individuals well-versed in developing Bushveld Complex operations utilising the Salt Roast processing route on which our flow sheet is based. We eagerly anticipate the outcome of the Bushveld Vanadium Project PFS, and are confident that this team will enable us to accelerate its delivery."

Listen: Bushveld Minerals - Share buy-back,Broker appointment & Lemur acquisition

click here

Anyone else in the bush?

Great finds here - explains exactly how the flash short last friday was attempted - makes interesting reading even if you are not invested.

Seems that the short is still open and the bushveld guys are really organised in defending against it - maybe a good time to get in right now?

https://www.thebushveldperspective.com/18th-aug-2017-flash-short-context/
https://www.thebushveldperspective.com/18th-aug-2017-flash-short-analysis/

Another useful link they have to the company https://www.thebushveldperspective.com/start-here/

The jewel of the aim market on the launch pad ready to go

If you you want to understand the last 3 months trading : https://www.thebushveldperspective.com/the-end-of-erongo

If you want to understand the path that BMN has taken in acquiring its Vanadium assets then https://www.thebushveldperspective.com/blog/public-blog-1/post/from-iron-to-vametco-221 is a good summary

If you want to learn more about Vanadium Flow batteries here's an introduction: https://www.thebushveldperspective.com/blog/public-blog-1/post/what-is-a-redox-flow-battery-219 a brief review of the numbers involved https://www.thebushveldperspective.com/blog/public-blog-1/post/vrfbs-the-numbers-218 and an understanding of how BMN's subsidiary, run by Mikhail Nikomarov fits in to the worldwide VRFB industry:- https://www.thebushveldperspective.com/blog/public-blog-1/post/vanitec-3rd-energy-storage-meeting-part-1-175

If you would like to see Vanadium prices then Loudspeaker's project to track them is here;- https://www.thebushveldperspective.com/vanadium-prices

If you want to see how much Vanadium product (Nitrovan) the company is shipping to the US then Paludina's shipping logs are here:- https://www.thebushveldperspective.com/blog/public-blog-1/tag/shipping-87

and if you want to understand what the Analysts think of the company, and what assumptions they are currently using to set guideline fundamental valuations then you can see my project here:- https://www.thebushveldperspective.com/blog/public-blog-1/post/analyst-watch-232

After all that you can get yourself a coffee, sit back and relax watching the most recent company presentations:- https://www.thebushveldperspective.com/blog/public-blog-1/post/analyst-watch-232 and marvel at just how the AIM market has managed to keep this jewel hidden for quite so long.

Thx Kev for your recent post with excellent links and details.

There is just so much more millage in this fantastic BMN story with far more still to come.
Share price 47p today.
Lots of irons still in the fire yet to be revealed.
£1 by Christmas- We shall see.
Watch this space:))