Shaanxi Vanadium-Nitrogen Bidding Price on 9 April, 2019


Date: Apr 09, 2019

Product Spec.Price (RMB/TON)Qty(ton)Basis
Vanadium-nitrogenVN1622800015Acceptance with tax

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Shaanxi Steel Group Hancheng Steel Company Vanadium Nitrogen Bidding Price on 28 January, 2019


Date: Jan 30, 2019

ProductSpec.DatePrice (RMB/TON)Qty(ton)Basis
FerrovanadiumVN 1628 Jan.35400060Acceptance with tax

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China ferrovanadium output statistics in January 2019


Date: Jan 29, 2019


Company
Furnace model Monthly Capacity(TON) Running Furnace Monthly Output(TON)
Liaoning Province Jinzhou Guangda Ferroalloy Co., Ltd Outfurnace(10) 300 1 30
Yingkou Shengdong Refractories Co., Ltd Outfurnace 250 1 150
Jinzhou Xinwanbo Metal Materials Co., Ltd Outfurnace(6) and electric furnace(1) 800 1 300
Rongxin Ferroalloy Co., Ltd Outfurnace 150 0 0
<a target=”_blank” href=”http://www.ferroalloynet.com/Vanadium/”>Jinzhou Xinlong Vanadium Industry Co., Ltd</a> Outfurnace 200 0 0
Liaoning Hongjiang Industrial Co., Ltd Outfurnace 300 0 0
Jinzhou Zhonggang Mining & Metallurgy Co., Ltd Outfurnace(1)and electric furnace(1) 100 1 25
Jinzhou Xinrong Vanadium Industry Co., Ltd Outfurnace(10) 200 1 100
Liaoning Huatai Metal Co., Ltd Outfurnace 300 1 150
Chaoyang Boyuan Metal Industry Co., Ltd Outfurnace 100 1 120
<a target=”_blank” href=”http://www.ferroalloynet.com/Molybdenum/”>Beipiao Wanhong Molybdenum Co., Ltd</a> Outfurnace 200 0 0
Huludao Mingxin Ferroalloy Co., Ltd Outfurnace 150 1 30
Jinzhou Hongding Metal Co., Ltd Outfurnace 200 1 40
Hunan and Hubei Provinces Chongyang Zhongrui Mining Co., Ltd Electric furnace(1) 180 1 70
Tsingshan Ferrovanadium Co., Ltd Electric furnace(2) 500 1 50
Chongyang Xinrui Vanadium Industry Co., Ltd Electric furnace 150 1 120
Xichuan Guorong Vanadium Industry Co., Ltd Electric furnace(2) 200 0 0
HubeiYunxi Longchang Vanadium Industry Co. Ltd Electric furnace(2)
Anhua Special Ferroalloy Co., Ltd Electric furnace(1) 70 1 50
Chongyang Xinfa Vanadium Industry Co., Ltd Electric furnace(1) 300 0 0
Chongyang Qingfeng Technology Co., Ltd Electric furnace(2) 400 0 0

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Chinese ferrovanadium prices keep dropping


Date: Dec 28, 2018

77-67.64/kg V) Inc-VAT EXW D/A 180 days, down by RMB22,000/t (USD6.39/kg V) from early this week. Most consumers are watching the market and insiders believe prices would keep dropping in the coming week.

A producer in North China quotes ferrovanadium 50%min at RMB230,000/t (USD66.77/kg V) Inc-VAT EXW D/A 180 days at present, down by RMB20,000/t (USD5.81/kg V) from early this week. “I received many inquiries in the past week but seldome of them would like to buy,” said the source. He added, one of their regular clients wanted to buy 10t at RMB210,000/t (USD60.96/kg V) Inc-VAT EXW D/P this Thursday but they didn’t close the deal for low price. Their last deal was made late last week, when they sold 10t at RMB250,000/t (USD72.57/kg V) Inc-VAT EXW D/A 180 days. He believes prices would edge down in the coming week.

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Top Gun Hired From a Mining Major to Permit Exciting Nevada Vanadium Project (Vanadium Up 10,00% since 2016)


Prophecy Development Corp. (TSX: PCY)

October 29, 2018
Following the mega appointment of Gerald Panneton as Prophecy’s (TSX: PCY) new President and CEO (Mr. Panneton was the founder and CEO of Detour Gold, a multi-billion dollar major gold producer in Canada, where he help raised $2.6 billion), Prophecy is on a blazing trail due to prying a top gun from McEwen Mining Corp. to  permit arguably the most exciting vanadium project in the US.McEwen Mining (valued at $1 billion)  is run by the legendary Rob McEwen, the ex-Chairman and CEO of GoldCorp Inc., one of largest gold-mining companies in the world.https://ssl.gstatic.com/ui/v1/icons/mail/images/cleardot.gif

Mr. Ron Espell, Prophecy’s new VP of Environmental and Sustainability is a highly-regarded specialist in US federal and Nevada state mine permitting. He has over 30 years of experience in corporate environmental management and permitting in conformance with applicable regulatory and performance standards, mine waste management, reclamation and closure planning.

 Why Prophecy Matters

 

Prophecy Development Corp (TSX: PCY) owns the Gibellini project – the only large-scale, open-pit, heap-leach vanadium project of its kind in North America.

Located in Nevada, Gibellini has the largest NI 43-101 compliant measured and indicated primary vanadium resource in the USA. It is currently undergoing EPCM and EIS preparation.

With global vanadium supply declining and demand increasing, this is the right project at the right time. Trading millions of shares a day at $0.50, Prophecy has approximately 78 million shares outstanding.

5 reasons to follow Prophecy’s Gibellini Vanadium Project:

  • Located in Nevada, a premium location for mining- Ranked #1 for North America mining investment (Fraser Institute)
  •  Vanadium price has increased by more than 1000% since 2016 – from US$2.5/lb to US$33.1/lb on the back of strong demand and restricted supply
  • Low Capex, Low Opex, High IRR
  •  Near Term Production – complete permitting in 2020, commence construction in 2021, start vanadium production in 2022
  •  Vanadium is key to the world’s green and renewable energy future!

Vanadium pentoxide price has reached an all-time high of $33.1/lb (www.vanadiumprice.com), up from 2016 low of $2.5/lb. This was due to the Chinese upgrade of vanadium intensity in steel re-enforcement bars in the construction industry, increasing vanadium use in the aerospace industry, and the use of large-scale vanadium batteries in the utility industry.

 

Watch Gibellini Project Summary

The only large-scale, open-pit, heap-leach vanadium project of its kind in North America

 

 Espell’s Golden Touch With Permitting

 

Within 18 months his joining McEwen Mining as Environmental Director, Mr. Espell had led his team to successfully obtain the Gold Bar project’s Environmental Impact Statement (EIS) approval from the Bureau of Land Management’s (BLM) Battle Mountain District office (November 2017).

Mr. Espell comments: “I am very pleased to join this dynamic Prophecy team to work on the exciting Gibellini vanadium project. I am confident about the project’s merits. Prophecy has already established very good project permit ground work, which I will continue with. I will collaborate closely with federal and state permitting agencies, local communities, and all stakeholders to make Gibellini the first primary vanadium mine in the US.”

With Espell’s appointment, Prophecy could complete the permitting process in 2019 and begin construction shortly after. That would make Gibellini the fastest primary vanadium mine to get to production in the USA.

 

 Gibellini vs GoldBar Nearby and Same Size

 

The Gold Bar project is in Eureka County, Nevada, approximately 40 miles northwest of the Company’s Gibellini vanadium project. Both projects are overseen by the BLM Battle Mountain District office and share many similarities in terms of mining and recovery method, capital expenditure, and throughput.

 

Project Gold Bar Gibellini Vanadium
Owner MUX.t PCY.t
Recovery method Heap Leach Heap Leach
Strip Ratio waste tons / ore tons 3:1 0.17:1
Throughput tons per day 8,000 8,220
Capex US$ $81 million $121 million 
(includes 25% contingency)
EIS permit date Nov-17 TBD 
Commodity Gold Vanadium
Overseen by BLM Battle Mountain BLM Battle Mountain

Gerald Panneton, Prophecy’s President and CEO comments: “Ron has demonstrated his ability to deliver EIS in Nevada on time and under budget. He is an outstanding team leader with creative problem-solving skills. He pays meticulous attention to detail. His deep knowledge of environmental assessments and permitting and his well-liked persona make him a great pleasure to work. Ron is an excellent addition to our Prophecy team.”

 

Watch Doug Casey’s International Speculator Team Member Interview Prophecy’s Chairman John Lee

 

 Strong Endorsement from Prominent Newsletter Writers

 

Nick Hodge of the outsider Club (https://www.outsiderclub.com/) on Friday issued an alert to its subscribers with following highlights:

“An updated, 2018 PEA pegged the after-tax NPV at US$338.3 million and the IRR at 50.8%. Gibellini contains 129.28 million pounds of vanadium pentoxide (V205) grading 0.294%. The current mine plan envisions producing 9.65 million pounds annually for over 13 years, paying back its capital cost of US$116.8 million in 1.72 years. The after tax net present value of the Gibellini vanadium project is north of US$338 million, meaning Prophecy is trading at a significant discount to its project value.

That was all done at a vanadium price of $12.73 per pound. Vanadium prices are currently twice that.

Shares have been as high at C$0.50 in the past year but now trade at ~C$0.285.
We are buying Prophecy Development Corp. (TSX-V: PCY) (OTC: PRPCFbelow C$0.50.”

 

Trade Prophecy at links below:
US Brokers (OTC: PRPCF) 
www.tdameritrade.com 
www.etrade.com 
www.fidelity.com 
www.merrilledge.com

 

Canadian Brokers (TSX: PCY) 
www.Td.com 
www.rbcdirectinvesting.com 
www.qtrade.com 
www.questrade.com 
www.scotiabank.com/itrade 
www.bmo.com/investorline

 

Prophecy just announced other significant news:
Founder and Ex-CEO of Major Producer Detour Gold joins Exciting Vanadium Start Up Gibellini
(Click here to read more …)

Watch Gibellini Project Summary
The only large-scale, open-pit, heap-leach vanadium project of its kindin North America

Louis James, long-time Doug Casey International Speculator team member interviews Prophecy’s Chairman John Lee about Prophecy’s flagship Gilbellini Vanadium Project, its progress, vanadium prices, and plans for the future. It has gathered tens of thousands of views and is a can’t miss.

About Prophecy
Prophecy is developing the Gibellini project – the only large-scale, open-pit, heap-leach vanadium project of its kind in North America. Located in Nevada, Gibellini has the largest NI 43-101 compliant measured and indicated primary vanadium resource known in the USA and is currently undergoing EPCM and EIS preparation.
Further information on Prophecy can be found at www.prophecydev.com.

Cautionary Note Regarding Forward-Looking Statements
The Table comparing mining attributes of Gold Bar and Gibellini projects: Both projects are located in Nevada, USA. The Gibellini project attributes are taken from its May 29, 2018 PEA, which includes inferred resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. And there is no certainty that the PEA will be realized. Mineral resources are not mineral reserves and do not have demonstrated economic viability.

Certain statements contained in this news release (including statements which may contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, and similar expressions) and statements related to matters which are not historical facts are forward-looking information within the meaning of applicable securities laws. Such forward-looking statements, which reflect management’s expectations regarding Prophecy’s future growth, results of operations, performance, business prospects and opportunities, are based on certain factors and assumptions. They involve known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from the future results, performance, or achievements expressed or implied by such forward-looking statements.

News


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