Originally posted by Trade138
Hi Growler - hope you're well Sir.
It's great you've highlighted this. Shale / sediment hosted Vanadium deposits, are the preferred choice for VRB companies - I say this with confidence as I've spoken with people in the industry. It's also highlighted on CellCubes (VRB manufacturer) website, the link you provided.
Interestingly, you've underlined "Uranium" (I'm assuming you've done so in an attempt to discredit/undermine AEEs Haggan deposit).
However - my research suggests, this will not be a problem for AEE - as the VRB companies will still seek out the rare sediment hosted vanadium deposits, as they are more economical than magnetite hosted vanadium deposits, when producing the electrolyte needed for their product - this is still the case for AEE. Although there maybe some impurities left to deal with, these impurities will still be more economical to deal with for the VRB companies, than if the Vanadium was sourced from magnetite. They key is what left in the 0.X%, after a company announces its high purity V.
I've tried to post this research on HC - but it's been reported numerous times. Leading experts in the field, back this point up. I'll try again later to post actual quotes from both Next and CellCube on the matter - you have in the past tried to discredit these before, with words such as "Vanadium wannabe" - However, I've noticed that in other threads, you've not done so in similar fashion when discussing Vince Algar on AVL (as they're not a producer- I'm assuming they fall into your category of "wannabe"?)
Sometimes - investors want to compare deposits and mention whose is "better". This can be dangerous, IMO, as they don't see the likelihood of production. For comparison- AVL highlights this, with their touted Vanadium grades, by the perms-bulls, not seeing the fact that, realistically, it won't see production. (This is evident by the current managements inability to progress the deposit - and their continued display of incompetence - see recent PFS debacle for example - 6 month delay, for what? - FYI - I will be holding Peter to the same standards. Only until we see the SS and the next 6 months at Haggan can we judge whether or not the delays at Haggan are justified.)
The CellCube resource is taken - and this highlights the importance of sediment/ shale hosted Vanadium deposits for the production of the electrolytes needed for VRBs. If it wasn't important, then these off take agreements / purchases etc etc would be happening all over the place at magnetite deposits. They are not, to my knowledge.
Haggan is not taken yet - However, being a more economical resource for VRBs (sediment hosted) - this puts AEE in a fantastic position moving forward. You will also note, Vanadis advertises itself as a "battery metals" play - see their website
www.vanadisbm.com
There are steps that need to be taken at Haggan before it can become a producing mine - the Scoping Study being the first. This SS, IMO, will shed more light of the resource - and - only then can we see what AEE have got moving forward. I'm assuming the SS will be fairly detailed and should justify the recent delays they have experienced.
IMO, the SS will surprise many investors. IF, investors do their own independent research, they will also see that Haggan is going to be a major part of the AEEs future success. I base this this comment on the fact that Haggan has Sediment/shale hosted Vanadium - preferred by VRB companies.
It's been stated, by yourself, that the demand from VRBs for Vanadium is low - this is correct as we all know. However, I see this, together with the fact that Haggan is a sediment hosted V play, as a positive for AEE, as Haggan is one of only a few, realistic, economical sediment hosted Vanadium plays worldwide. Meaning, demand for AEEs Vanadium, at Haggan, will be high from VRB battery makers, IMO.
Growler, you need to stop focusing so much on whose got a "better" resource and instead focus on - whose got a more realistic chance of making it too production. If you're a long term investor- this has to be more important in the mining space, IMO.
Enjoy the New Years Celebrations Sit - Happy New Year.
T
" For comparison- AVL highlights this, with their touted Vanadium grades, by the perms-bulls, not seeing the fact that, realistically, it won't see production. (This is evident by the current managements inability to progress the deposit - and their continued display of incompetence - see recent PFS debacle for example - 6 month delay, for what? - FYI - I will be holding Peter to the same standards. "
I agree 100%. Inability to hit deadlines can be a stock/sentiment killer.
1. Complete Tiris DFS within 18 months;
2. Commence Tiris Construction late 2016
3. Continue project financing discussions 2015
4. Progress critical path Haggan studies.
Imo, 0/4 and 2.5 years later.
By the way, within those 2.5 years Peter's Options went from Exercise Price of $0.10-15 to 35m Performance Shares at 0.00 Exercise Price:
This on top of a remuneration of $425k for a guy without, imo, any niche metal experience. FYI: The AVL MD is on about 50% of this remuneration and 6 months late with PFS.
(20min delay)
