RE: ENDORSE: FURTHER TO YOUR POST
Thanks Glafan. Seems to me that Largo can ultimately process both forms of Vanadium while American Vanadium can only process the vanadium pentoxide because they don't have the ferro in their Gibellini deposit? Is that right?
Then why are some mining companies [Energizer, AVS, Speewah] positioning themselves as better deposits for high purity grade vanadium for batteries. Is this just propaganda on their part?
According to Ocean Equities July 15, 2011 report on Vanadium:
https://www.oceanequities.co.uk/NewsAndResearch.aspx [page 5]
Our Vanadium Equity Picks
We have rated each of the 12 companies in our peer group according to deposit, stage, tenor,
economics, end-use leverage and country risk.
We believe that out of our peer analysis group, three companies stand out for different reasons:
Largo Resources (LGO.CN | MCap C$174m): The Maracás Project is of exceptional quality and expected
to be in production by 2012. The project is validated by the off-take agreement the company has with
Glencore International plc.
Speewah Metals (SPM.AU | MCap A$39m) – Speewah is by far the largest defined resource in our peer
group, if not globally. The overriding key feature of the project is the vanadium tenor of the concentrate
which is ranked far above the group.
Energizer Resources (EGX.CN | MCap C$41m) –
We believe EGX will be able to take advantage of
increasing vanadium battery demand by directly supplying high purity grade vanadium. However,
further work needs to be conducted on the metallurgy and processing to further de-risk the project.
Other companies which rate highly in our rankings are Atlantic Ltd (ATI.CN| MCap A$203m) and
American Vanadium (AVC.CN | MCap C$31m).
Refer to page 22 for “Company Summaries”.