He did mention that Bomber, you’re right. It wasn’t official. It was with Wally Graham at a Roadshow Investor interview. In fairness to Bruce, it was a poorly worded question by Graham at the beginning of the interview (it was actually a statement with the inflection on the last words that made it sound like a question) to which Bruce replied, “...we HOPEFULLY will be mining mid next year..” as a correction to this.
(Referring to Arrowsmith)
That was made around mid last year which put that time frame as mid this year.
Clearly, in hindsight, this was ambitious and it relates to my previous post where I refer to comms.
Once you move past trust, respect, loyalty etc of any relationship- the cornerstone becomes communication. The absence of which isn’t conducive to any meaningful relationship. It is very important. Particularly business...
The company put out a time table yesterday and like all of you, I saw it for the first time. I’m satisfied with it. We now have something to measure this on other than guesses from posters.
In saying this, it’s a forecast. A best guess if you will, so I am under no disillusions that it could change. All I ask is that when it is known that we are likely to not meet a specific milestone, we are informed as soon as is practically possible. As I said last night, sometimes in certain situations there are other circumstances that the ASX may not allow that and we have to be mindful of this.
The benefit for us all here when investing in public companies is liquidity & the share price multiplying effect. You don’t get that in private companies.
The down side is compliance...
The raising of money is unlikely to be any issue here. Off take and interested parties in buying the product will be even less of an issue. I know this to be a fact from my own work prior to vending Muchea.
The biggest risk is permitting. Like any project here now, environmentals are getting tougher and tougher. Muchea will be tougher than Arrowsmith. As you get closer to Perth there are more stakeholders.
One post yesterday where someone claimed they know where Muchea is and it backs onto a housing estate and school and he’s concerned everyone will get sick etc etc - Nonsense. All of it. He obviously didn’t do well in geography at school. Get on Google Earth and check this out.
Research all claims. Good or bad. For or against. If you can’t find the answer, ask here and I’ll try and help out. Just don’t be lazy and throw the question out to a bunch of anonymous people who may or may not have knowledge and may or may not have hidden agendas.
These projects have both risks and rewards. It’s called a spec stock for a reason. Only around 1 in 80-100 transition from junior explorer to fully fledged miner. As I said last night, this isn’t without its challenges.
But, IMHO, I believe VRX will make this transition and we will eventually be supplying the crazy demand in Asia in the coming years.
GLTAH
VRX Price at posting:
6.9¢ Sentiment: Buy Disclosure: Held
(20min delay)
