$.04 cents would be a start imo
And still under $50 million market cap
Vanadium the ‘metal to watch’ in 2018, says UK analyst as price surge ‘sends investors scrambling’
12th January 2018
Resources Rising Stars
Vanadium is one of the key commodities to watch this year due to its growing use in mass electricity storage devices alongside its existing use as a steel-strengthening agent, with prices predicted to surge over the next few years according to UK-based corporate advisory firm Hallgarten & Co.
According to Hallgarten analyst Christopher Ecclestone, vanadium prices – which hit a peak of US$12.50/lb last year – are set to rise further to US$13.20/lb by the end of 2018, US$15/lb by the end of next year and US$19/lb by the end of 2020.
“Last decade vanadium surfaced as a subject of interest primarily tied to the fortunes of the then-booming steel industry,” he wrote. “Now vanadium is coming back with a vengeance for its potential in mass electricity storage devices, namely the vanadium redox battery, or VRB.”
Ecclestone says the surge in vanadium prices in the last six months has “sent investors (and promoters) scrambling to find primary vanadium mines or projects into which they could sink their teeth.
“However, as the promotorial class are sheep-like they won’t want to be interested (mind you, a good thing), until the price is significantly higher and the air is full of buzz,” Ecclestone said.
“They are so high on lithium they need little else to stimulate their imagination these days.”
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