VRX 5.00% 4.2¢ vrx silica limited

Ann: Letter to Eligible Shareholders, page-56

  1. 15,013 Posts.
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    been a bit of scope creep since then and a few assumptions that have bitten us, such as the "well understood rehabilitation method".....

    that said, it is an interesting to think that in the grande scheme of things this has the potential to go from greenfeilds to exporting mine in 7 years.... while not the unbelievable 3-4 years discussed at the time...it is still pretty good given that mines with lower ROI take 2+ years just to build and commission.

    eitherway... all just twiddling our thumbs while we wait... but the thought that sits in the back of my mind is to stock up while the soph is holding it down. as the theory would be that once the allocation is placed, the inverse pressue will be applied.

 
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