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Swanssm

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16/09/21

10:17

Post #: 56107856
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Originally posted by Swanssm: ↑

Agreed Mirandas.

NO ONE is talking about this. But Drumma can bear witness I have raised this before.

For those newbies on $TOE some DYOR homework for you.

SPUT is just buying Uranium - correct?

Question for the day: Why is Vanadium also up 30% - Hhhhmmmmm interesting!
For those who say (unfairly in my view) that the board haven't been paying attention: when the price of Vanadium spiked (out of sync with the U price in 2018) to >$20/lb, the engineering studies put additional focus into Va Leaching in 2019 and discovered some amazing things, perhaps unique to Toro.

Here: https://www.toroenergy.com.au/wp-content/uploads/2021/03/Investor-Presentation-March-2021.pdf
I would direct you to slides 10-14 of the March 2021

So stay with me here ...... For $5.5m extra Capex and $400K per year Opex they can produce 0.41 lbs Va for each lb of Uranium with only 51c/lb "marginal cost". Price of Va today is $8.15 USD ish. So the question is (drumma provide a drum roll please).....

If the AISC or "Interest cost" that was previously stated at around $59/lb u3o8 for Toro to start "thinking about production" what would the change to the equation be if Va goes back to $>20 ie 2.5x from where it is now.

That's what I am looking for in the engineering study. I think they know very well what it means and people are starting to twig to it as well. They were paying attention - Defense rests!

For your to-do list: Keep an eye on the Va price - is Sprott impacting that as well? .... or are there other reasons such as its own supply/demand equation!

SO ..... just asking the question, if you are mining u3o8 at $59/lb and you are getting $19.50/lb of free Vanadium, on top of your U sales (say $80/lb) as well, what does that mean?

Anyway just my crazy thoughts for the day. Have a great day.

Expand

The defense rests AGAIN!

Amazing: Feeling very listened to today.
Tues: Energetic discussion with the office of my federal member on Tues about submarines
Wed: 2 hours on HC and Twitter talking up $TOE Vanadium - BAM Press release of repacked news with the exact slide I was referring to
Wed: Reviewed my July 1 2021 observation that $BMN was 34c on 1/6/2006 when the U$ hit $34.38/lb got ticked off (as part of my cycle tracking comparison)
I'm 3 from 3!

So I'm feeling very bolshi today!

Regards
Peter

TOE Price at posting: 4.2¢ Sentiment: Buy Disclosure: Held
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