Game changing?Vanadium...really? ...yes, a good Vanadium resource at Molyhil will delay 2020 production...
Vanadium is a trace element — that means it is widely distributed in nature, occurring in the continental crust. Vanadium is about as common as copper. Vanadium world resources are in excess of 63 million tons. Due to its abundance this number is an understatement and therefore not fully indicative of available supply. Vanadium is usually produced as a by-product or a co-product of an other material process, so will not be the reason Molyhil goes into production (early 2020 i think MB promised). If anything a good Vanadium resource at Molyhil will delay production as the mining process flow-sheet/equipment/costs will need re-configuring. https://investingnews.com/daily/resource-investing/industrial-metals-investing/vanadium-investing/world-class-vanadium-deposits/
and the hype with regard batteries...vanadium flow batteries may not be the answer due to increasing costs!https://www.vanadiumcorp.com/news/industry/the-inconvenient-truth-about-renewables-and-storage-lurking-in-lazard-s-latest-cost-analysis/
MB promoting Vanadium as a 'game changer' for Molyhil is like MB putting lipstick on a pig before he takes it to market...;-)
good buying opp. though...MT
THR Price at posting:
2.5¢ Sentiment: None Disclosure: Held
