VRX 0.00% 3.9¢ vrx silica limited

Ann: Testwork Update and Product Catalogues, page-143

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  1. 269 Posts.
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    I'm still dreamin' - the glass will overflow - eventually imho.

    I can't see any real movement (apart from the noise up and down etc) until the expected announcements are made. Feaso, government approvals, joint ventures, funding, engineering commencement, actual sales contracts (as oposed to LOI) etc etc etc. And then it is back to the spread sheets with the tonnes v profit v shares on issue v PE ratio for the speculation on the future sp.

    At a projected sale price of $100 to $300/tonne x millions of tonnes - the profit machine will be truly immense. Even if there is a dilution for CR, there will still be a massive payday down the road - but we don't know how long that road is. First mining approval should be within 12 months from Bruce's last comments.

 
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