Some very profound calculations/analysis, page-33

Everyone has their own set of calcs.
In my calculation of a future value of VRX    https://hotcopper.com.au/posts/37626747/single
I made a fair few assumptions and I feel that they are relatively realistic. I would be happy for people to comment if they feel that they are  unrealistic or they feel that they have anything relevant to add

1 VRX could achieve standard prices for silica sand that are widely published
2 that Arrowsmith sand is without profit ie production cost is equal to sale price.
3 The production cost of higher grade Muchea sand met specs of Semiconductor, LCD, and optical glass (99.8%)
4 Production of Semiconductor, LCD, and optical glass at Muchea cost 15% more than the production cost (widely published sale price) of clear glass grade sand
5 Semiconductor, LCD, and optical glass at Muchea sells for AU$150 which is AU$60 less than the US$150/T which is widely cited as the minimum price reported for that grade. 
6 The letters of intent for offtakes will be converted into contracts.
7 Scenario 1 Dilution of 0% (optimistic) , scenario 2 Dilution of 50% by CR (negative),
8 I have omitted business running costs not directly associated with production (admin sales costs etc) but consider that they are insignificant relative to the revenues calculated
9 PE of 15.