VRC trading halt, page-25

B4 your posts are really starting to sound quite ridiculous. In one breath you say you don't care but your actions say otherwise, you haven't stopped posting about Vrc over the last month pretty much on a daily basis.

I agree with the Vrc posters you only have to watch Hunts interviews on their website and YouTube to see how passionate he is about Vrc. He said Volt was an opportunity he could not pass up and that is why he left Magnis.

His role at Vrc has been outstanding the facts speak for them selves on his watch he has seen the resource go from zero to 446 mt, signed finance legand Eddie Sugar, signed three MOU's with some of Chinese largest Li ion battery companies, produced TGC of 99.99% and achieved many other successful outcomes.

He now realizes to actually build a mine you need a chief that has done it before, now this could be IMHO Hunts best move yet appointing Trevor Matthews to take Volt into production. This guy has run a $2Bn company before and knows what it takes to get there. I am very pleased with this move and I think in a few months time we will all acknowledge what a master stroke it was.

So the Volts PFS is due on Thursday and I for one will be watching very closely with how it compares to Magnis PFS which achieved the following

• NPV of US$1.04B with 84% IRR
  
  
• Capital payback of 1.4 years with low sensitivity to capital costs
  
  
• Cash margin of over US$ 1,600 per tonne of product
  
  
• Capital cost estimate of US$171.4 million
  
  
• Operating cost estimate of US$448 per tonne for the first 3 years
  
  
• Cost improvement opportunities
  
  
• Board decision to proceed with development
  
  
• Discussions for financing progressing with overseas parties
  

Time will tell GLTA

JM