Hi mefish. To get the Ammaroo project going VRM said they'll need about $300m in capex if my memory serves me correctly. That's more than 10 times Ammaroo's current enterprise value (about $25-28m) so I doubt shareholders have that kind of cash, I know I don't. We need more investors and an industry partner or two; and I think the ball is probably rolling on that front now. The more they're out and about telling our story the better IMO.
VRM Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held