Vanadium update/BNN today
posted on
Jun 21, 2012 12:49PM
The pres of American Vanadium Corp was just interviewed on BNN, and Ingrid Babjak will be interested, I believe. He said:
1)-
AVC- v($0.7x), is the only vanadium mine-to-be in NA . It will be in production in 2014. It will be the only Va mine in NA for "at least" 6 years. "sea change " business drivers are regulatory/ building standards just initiated in China which require Va in stainless steal for infastructure ((5% Va./Ton steel increases steal strength which triggers 20% reduction in steel requirements by strength/ weight.... (Check these %,s... Audio memory may not be working).
Trade is strength up; weight/ cost down).
-2)- Va based battery storage developments have recently lowered Va batteries by as much as 80% of previous costs a year ago. This will make long term storage batteries viable in a year. He is in discussions with battery manfactuers to supply Va in a long term lease model due to the Va energy storage life of 20+ years of Va. This battery market is equal market value opportunity to the above strength characteristic of Va.
I note:
NOT has Va resource .
BAO is subject the new CHN regulations.
NOT could significantly blow a hole in th e 6 year no completion claim.
Love to hear from you Ingrid.
Peter