Finally got some time to see AJ present this in person in Melbourne today.
Key points are: 11 banks expressed interest 20-30 potential off-take buyers NST is really keen on seeing the mine built Project Manager has been appointed and is starting end of this month - so he can 'breathe' the project early Mine could be powered by gas, instead of diesel saving $80M He was really pleased with the free mining camp deal, saving $17M. Long term vision is 30-year mine life. There are 10 other targets to drill. Sulphur Springs could be open at depth as well. SS will be a low cost, high margin, long-life operation.
Overall AJ gave a succinct presentation. Straight to the point, no jokes.
Looks like they are seriously going to mine. So not surprised to see the SP going up.
Long termers, we will be rewarded soon hopefully. If not, such is life.
VXR Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
