Phenom Resources Corp (PHNMF)

[ThSeeker]

First Vanadium Corp. (FVAN:TSX.V; FVANF:OTCQB) is one of the better known vanadium companies. Its CEO, Paul Cowley, can be seen in a number of video clips that I linked to at the bottom of the page. Despite being a blue chip name, First Vanadium's market cap is just US$19.5 million. This, for a company that claims to have the highest-grade primary vanadium project in North America, and a plan to fast-track its flagship project in Nevada. To top it all off, management just released a summary of its maiden mineral resource estimate.

The maiden mineral resource estimate came in at 303 million Indicated pounds of V2O5 (vanadium pentoxide) @ 0.615% & 75 million Inferred pounds of V2O5 @ 0.52%. That represents a moderate increase in size and grade from the historical resource estimate of 289 million Inferred pounds of V2O5 @ 0.515%. Importantly, 80% of the new resource (in pounds of V2O5) is in the Indicated category. At the current vanadium pentoxide price of US$17.60/lb., the in-situ value of First Vanadium's 303 million Indicated pounds of V2O5 alone = US$ 5.33 billion. That's about 275x its market cap. Note: in-situ values can be misleading for early-stage projects, but they can be compared to peers at similar stage.

Is vanadium for real? Will Vanadium Redox Flow Batteries cause demand and prices of vanadium pentoxide (V2O5) to soar? Will global infrastructure projects demand greatly increased amounts of vanadium-strengthened steel rebar? Please continue reading for answers to these and many other important questions.

Note: Peter Epstein and Epstein Research have no prior or existing relationship with CEO Paul Cowley or First Vanadium.

https://www.streetwisereports.com/article/2019/02/28/first-vanadium-a-high-grade-primary-vanadium-project-in-the-us.html