So for the 3 people in attendance -
1. Looking at epa approval in the new year
2. A Nth to truck sand for first 2 years then rail - good luck with that one!
3. A Nth to export 1mt p.a for first 2 years.
Given that the market is aware of the supply of silica sand that VRX has and that's reflected in the current sp. To only produce 1mt in the first two years whilst at the same time getting Muchea ready - will mean a bucket load of cash required. Be prepared for a lot of debt, share dilution or revenue offset for some time.
This stock is going nowhere for many, many years. So put it into the top drawer and wait and wait and wait.
Unless of course our resident up ramping experts like
@arion have a solution or counter argument
based on fact rather than just attacking me.
imho & dyor
