V2O5 Vanadium Pentoxide Flake 98% Price USD / lbEurope : US$9.60/lb (0.00%)Jul 28, 2021
roughly U$21000/tV2O5 price just reached 2 years high yesterday, when price is compared with 5 months ago, it going up 50%.
but GED SP dropped 25%V2O5 price went up 23.5% from $17000 to 21000 after GED released mining study for Abenab V2O5 Project.
when 70 years ago:Historical mines at Abenab included:
Abenab (produced 102,000 tonnes concentrate @ 18% V2O5, 13% Zn, 42% Pb)Abenab West (produced 74,000 tonnes concentrate @13% V2O5, 72% Pb).
Today: GED's JORC: The Abenab Project contains an Inferred Mineral Resource of 2.80Mt @ 0.66% V2O5 (vanadium pentoxide), 2.35% Pb (lead), 0.94% Zn (zinc) at a 0.2% V2O5 cut-off1.
It's clearly not a significant V2O5 resource, however:
Previous Phase 1 testwork confirmed a 30X upgrade was achievable using simple gravity concentration.through gravity separation, produced a high concentrate grade of 21% V2O5, 14% Zn and 53% Pb.Newly released mining study indicated: the first stage mining will focus on high grade ore of 873,000 tonnes at an average grade of 1.6% EqV (approximately 1% V2O5). so the finished products should have a concentrate grade at 30% V2O5 14%Zn 53%Pbgiven feedstock 100%V2O5 price is 1/3 of the 98% finished product price, plus the Zn+Pb credit ,we work out 3.33tone concentrate worth U$7600, ie. price per ton is U$2300 for the 30%V2O5 14%Zn 53%Pb concentrate product which is roughly in line with 50% operating margin indicated by the mining study--as V2O5 price increased 23% since study released. The first stage mining targets to produce concentrate roughly 6000t/year , "724,000 tonnes at 1.5% EqV (approximately 1% V2O5)" with target profit margin of U$750/t or roughly A$1000/t, hence the annual operating profit target should be A$6.0million. Outstanding Exploration Potential identified
Historical mining in
Abenab (produced 102,000 tonnes concentrate @ 18% V2O5, 13% Zn, 42% Pb) indicate two points:
- shipping & infrastructure is not an issue-as no problem 70 years ago
- through gravity separation, produced a high concentrate grade of 21% V2O5, 14% Zn and 53% Pb, is reliable as people already operated 70 years ago with much less advanced technology & tools
I conclude with the trial mining plan released in near future, GED's SP will be worth 2.4c+ just to reflect its V2O5 asset potential. first bagger
GED's SP will be worth 5c+ (MC of 40M) before Abenab project moving into production.
Meanwhile ,we will seriously think about the offtake opportunity for its proposed finished products and will contact the company & request ore sample to further metallurgic studies.
good luck for existing Shs
(20min delay)