Phenom Resources Corp Com V.FVAN

Primary Symbol: FVANF

Metals & Mining Industrial Metals & Minerals

First Vanadium Corp is a Canada based exploration company which is engaged in the acquisition, exploration, and evaluation of mineral properties. The company's exploration projects include Carlin Vanadium Properties and West Jerome properties. Its operations are limited to a single industry segment, being the acquisition, exploration and development of mineral properties.

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Phenom Resources Corp Com > S/P should be higher

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Comment by alex7759on Nov 21, 2018 4:27pm

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Post# 29006883

RE:RE:RE:S/P should be higher

it's worth to read for all pusher here who calculate based on insitu value at $33:

https://katusaresearch.com/the-hottest-metal-in-the-world-right-now-vanadium/

here some quotes:

"Do not invest in any projects that are using anywhere near current spot prices in their economics. I specifically asked a large producer of vanadium if he could get an off take at $25 per pound, while vanadium was $32 per pound and he couldn’t lock in a hedge or off-take.

So, if you are going to play a niche market like vanadium, make sure you are using say $15 per pound not the current $30+ per pound spot price. "

... be avare FVAN will have a break-even around 12-15$ lb possibly higher than V2O5 price in 5-6 years.

"Also, make sure you invest with a management team that not only understands the niche metal markets, but have direct success in the niche markets. Just because you know how to finance or build a mine, doesn’t mean you understand the complexities of the niche markets. Niche markets are very different than the large commodities such as copper or gold"

...enjoy your further investment in vanadium