Pilot plant

Hi all

I've been contemplating the potential financial metrics of a pilot plant such as that which has been on speculated on by a couple of posters.

I would imagine a pilot p,ant would process in the order of 100 tonnes per day of raw material or I'll call it 3000 tonnes per month.

I would expect capital out lay of US$5-$10million plus working capital. For the purposes of this discussion I'll call it $15 million AUD.

IMO though in order to erect the pilot plant the company would still need all of the pertinent approvals such as landowner approvals (I'm not sure whether a full RAP would have to be completed),mining licenses etc.

If this is all in hand then 3000 tonnes per month would produce 150 tonnes of graphite @5% (only an approximation in accordance with the published resource but a little higher than VRC's actual head grade).

What would it cost per tonne to produce? I'll say $600 in line with the PFS which I think is generous given the lack of economies of scale)so at a very basic level the operation will produce $15k in free cash per month?

Very raw numbers I know but I thought it was a rough base to start from.

Look forward to input from all.