Diamond & Specialty Minerals Summary for April 15, 2016
2016-04-15 21:03 ET - Market Summary
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Article correction: The Company has not stated "assumed pricing" nor any context of the "common refrain" comment by Will Purcell. This disclosure is incorrect, cannot be relied upon and the Company is warning investors to seek investment advice from a qualified investment advisor. Vanadium electrolyte and high purity vanadium pricing will be utilized for The Company's preliminary economic assessment and metallurgy and process are of paramount importance for "hard rock" resources such as vanidiferous magnetite. Very few vanadium projects are capable of delivering high purity, low impurity vanadium at a low cost. Process optimization and development can also result in significant cost reduction in the context of raw materials for battery materials.
Posted by Vanadiumcorp at 2016-04-18 01:59
What Vanadiumcorp said, in their latest press release, is this (in fact, it appears in quotes): "Market pricing for our preliminary economic study (PEA) will be primarily based on specialty vanadium products that reflect a significant premium to the metallurgical-grade V2O5 [vanadium oxide] flake market."
Now, tell me how that is not equivalent to what I wrote: "[Vanadiumcorp] says the study's assumed pricing will be primarily based on specialty vanadium products, which can command a significant premium to the metallurgical-grade vanadium oxide market."
Further, anyone following the specialty commodities market these days knows this to be a reasonable comment: "That is a common refrain offered these days by promoters of projects spanning a variety of commodities, notably graphite, lithium and vanadium, mainly because their grades and economic prospects are otherwise unspectacular."
Cheers,
Will
Posted by Will Purcell at 2016-04-18 16:03
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