VRC 20.0% 0.4¢ volt resources limited

Ann: Cooperation Agreement with Leading Chinese Graphite Group, page-78

  1. 223 Posts.
    I'll ignore the subjective emotions, "best management in the business", "international connections" for instance.

    Resource size is irrelevant without the accompanying offtake and funding to execute. Currently VRC only has 1,000 tonnes assigned to a company of questionable origin and still no funding in place.

    Have a look at the GPX announcement, Chinese paying $24m for 50% of the company, debt guarantee for the capex balance and a market cap of $18m. I'm not cross promoting, just highlighting a data point. VRC looks very expensive by comparison.
 
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