Bushveld Minerals recently acquired control of the Vametco vanadium mine and process plant in South Africa. The deal paid for itself within four months of its acquisition and is significantly profitable. The company also have a stake in the Uis tin/lithium project in Namibia through Greenhills Resources as well as an integrated power project in Madagascar in Lemur Resources We have upgraded our target price to 14p from 11.6p on our revised cash flow analysis on higher forecast production and
17 Aug 2017
Vanadium prices drive profits higher as management target expansion
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Vanadium prices drive profits higher as management target expansion
Bushveld Minerals Limited (BMN:LON) | 1.3 0 0.0% | Mkt Cap: 30.0m
- Published:
17 Aug 2017 -
Author:
John Meyer | Sergey Raevskiy | Simon Beardsmore -
Pages:
5
Bushveld Minerals recently acquired control of the Vametco vanadium mine and process plant in South Africa. The deal paid for itself within four months of its acquisition and is significantly profitable. The company also have a stake in the Uis tin/lithium project in Namibia through Greenhills Resources as well as an integrated power project in Madagascar in Lemur Resources We have upgraded our target price to 14p from 11.6p on our revised cash flow analysis on higher forecast production and