If renewable energy becomes a greater global focus and vanadium batteries can prove their worth for grid-scale storage, then demand for Vanadium can be expected to increase dramatically.
TNG have a technology that can pull Vanadium and Titanium from a single product stream. SMS have stated that they believe they will be able sell the retrofit to many suitable refineries into the future.
The project as is (stand alone with barely any perceptible market for VRBs, so V price based solely on steel hardening) projects around $400M free cash flow for 17 years.
It stands up on its own, granted with a potentially prohibitively high Capex, and the upside is TNG becomes the leader in electrolyte production or tech metals refining through a global transition to renewable energy + storage. All we need is those IFs to line up.
Looking at the mineral resource estimates is like assessing Tesla on its P/E.
If renewable energy becomes a greater global focus and vanadium...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
