At 1:55min - Bruce mentions they have been awaiting input from the federal DCCEEW since Oct2023 before they can resubmit the final response to EPA. Draft response already completed from all other EPA input.
Which will then be assessed and published with ministerial recommendation, before final sign off.
Do we know if DCCEEW have provided their feedback yet?
On another note - I went down a rabbit hole with VRX the other day and believe the fundamentals are still here. I recall the 2019 Argonaut evaluations citing risked valuation is 40c (~200m mc) and de-risked being 80c (~400m mc) before production. That was before mining leases were approved for any of the sites and EPA hadn't even started!
Admittedly, the board spruiked production by 2020/2021 & current SP is linked to subsequent lack of confidence. But with production for Arrowsmith (hopefully) a similar timeframe away now (~1-year) and EPA approval could be provided by end of CY 2024 - I'm more comfortable holding this for the long term & buying more at these prices.
Having looked over discussions spanning back comparing to SLCA:NYSE's rise from $0.79 to $9.11 in a year. Now sitting at $15.52 and due to be taken over. SLCE's Market cap of $1.9bn exporting ~18t of 99.5% silica sand/year. - It validates what VRX are moving toward even though we don't have a public company basis to compare within Australia. PEX & DRX still years behind with subpar reserves.
Keep in mind VRX's plan to export 6mtpa at full ramp up with our profit margin from significantly better grades at 99.7% (ASN), 99.7% (ASC) & 99.9% (Muchea). We are talking base 600MC when in production without considering our significantly better grades & profit margin. With the critical minerals initiative and if ASN is approved for VDT, this should pave the road for accelerated Muchea approvals.
Previous discussions on target share price being $1+ don't seem too out of reach with this all in mind.
all IMO, GLTAH - in for the long haul on this stock.
At 1:55min - Bruce mentions they have been awaiting input from...
Add VRX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
4.7¢ |
Change
0.002(4.44%) |
Mkt cap ! $29.52M | |||
| Open | High | Low | Value | Volume |
| 4.5¢ | 4.8¢ | 4.5¢ | $35.4K | 758.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 110000 | 4.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.7¢ | 198240 | 1 |
View Market Depth
| Last trade - 15.59pm 14/06/2024 (20 minute delay) ? |
|
|||||
|
Last
4.6¢ |
Change
0.002 ( 2.22 %) |
||||
| Open | High | Low | Volume | ||
| 4.5¢ | 4.8¢ | 4.5¢ | 287299 | ||
| Last updated 15.54pm 14/06/2024 ? | |||||
| VRX (ASX) Chart |