Clearly demonstrates the vertical integration and huge upside potential.
There are quite a few Wannabee newbies that have taken up 90% of the NW QLD Toolebuc formation Vanadium bearing shales very recently ( most of the ground we sold off or relinquished) in the hope of Vanadium products from the outcropping oxidised oil shales.
A handful have aspirations of doing an IPO very soon. The Toolebuc oxidised Oil Shale Vanadium rush is on full bore. Not for the Oil and Gas this time but now only for the Vanadium.
The big problem was/is the beneficiation of that particular Toolebuc ore into its valuable metal constituents and although reports of overcoming the hurdles were/are filtering through, no one can yet prove the 40 plus years conundrum. The Toolebuc formation holds many Billions of tonnes of Vanadiferous Oil Shale. Millions were spent in that period trying to commercially extract Vanadium out of those Oil shales .. oxidised or fresh.
The French company Aquitaine in the early 1970's could not do it after many efforts, CRA and CSR spent a decade and many millions of dollars trying to do it between the mid 1970's - mid 1980's ..without any joy.
I have seen and studied all those reports ..our company having held around 30,000 square kilometres of the prime Vanadiferous Oil shale ground around Julia Creek in NWQ between 2011- 2013. My focus was on the Vanadium and Molybdenum rather than the Oil and Gas .. there was an Oil shale moratorium on throughout Queensland at the time. The moratorium was lifted and has now been re-instated by the QLD government .. just like Uranium exploration. The Oz NWQ Wannabees have a hard task in front of them, including tenement holding costs.
Moving right along to 2018 ... Protean have a vertically integrated solution with shale and mostly non shale derived Vanadium feedstock .. it has Korean backing for offtake to produce the ultimate product .. an improved and patent protected large scale Vanadium Redox Battery.
The Korean backed trial is happening now, in Australia .. results will be out in a few months. The scene is set for commercial implantation into the market place very quickly in relation to others that are yet to secure their positions. Too little or too late for the vast majority of newbies in the game.
We have a couple of milestones to be reported over the next month, see below from the latest reports:
I am looking forward to these reports and that is why I invested in this company.
Sometimes it's better to invest in a publically listed company, advanced in a vertically intergrated Vanadium end product, rather than banging your head on a brick wall contemplating how to get around state government imposed moratoriums.
You cannot get finance to develop any mineral when a moratorium is in place on your target mineral .. end of story. That's the tragedy in the Australian exploration game at the moment, no wonder Australia is now viewed as a sovereign risk to many offshore selective mining investors. It seems that Korea is a far more friendly mining jurisdiction than Australia and I am pleased to see that the Protean board have taken up that advantage.
Just my views as a seasoned explorer in Australia.
Happy to hold this stock for numerous reasons at this point in time.
Cheers,
HR
No advice, just my money to lose if I m wrong.
POW Price at posting:
3.6¢ Sentiment: Buy Disclosure: Held
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