VRX 6.12% 5.2¢ vrx silica limited

Ann: Results of SPP and Shortfall, page-249

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  1. 1,249 Posts.
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    Road train probably, but for Arrowsmith I assume a b triple is the largest vehicle permissable.

    Assuming each truck can do 4 round trips per day they need about 8 to meet the tonnage. The gatekeeper at the port is going to hate seeing VRX trucks roll in all day.

    I'm not so confident we can "pull it off" within 6 months based on the track record. This mob have managed their external environment consultants pretty poorly through the EPA process here at VRX and their directorship at another company I am aware they are involved in has left a lot to be desired. In fairness they were able to operationalise a 50 man drill camp so they are capable of putting boots to work on the ground.

    VRX are holding the bag right now and it's on them not to fumble it. Their only saving grace is that there hasn't and still isn't anyone else close enough to take the bag each time VRX fumbles.

    Also, kinda liking that we are sub 10 cents. Anyone looking for a quick 10% trade will find it easy enough over the next few months if we hear something. Otherwise we may see it drift at least another 15% through to 2024
 
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