He only has to get one big contract for Muchea and that makes this a $B company.
If, over a few years they expand the operation, it will be a multi $B company. That's the reward side. It's at least a ten bagger over the next 3 - 4 - 5 years when they have 3 mines running. And as far as mining goes, industrial minerals are less at risk of commodity cycle fluctuations. One of my senior lecturers at university said never underestimate industrial minerals. The statement was ideally made for VRX. (Thanks Geoff)
A $1B company paying a 6% dividend equates to $60M. At a market Cap of $2.5B, that goes to $150M...... or more than 26c/share..... forever. That's what I'm after.
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VRX
vrx silica limited
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Daily price prediction thread, page-2839
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Last
8.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $65.76M |
Open | High | Low | Value | Volume |
8.8¢ | 8.8¢ | 8.7¢ | $7.963K | 90.70K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 419864 | 8.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.8¢ | 55921 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 419853 | 0.087 |
3 | 120000 | 0.084 |
2 | 140028 | 0.083 |
1 | 94620 | 0.082 |
3 | 87500 | 0.080 |
Price($) | Vol. | No. |
---|---|---|
0.088 | 55921 | 1 |
0.089 | 80000 | 2 |
0.090 | 103054 | 3 |
0.091 | 200000 | 1 |
0.093 | 268000 | 2 |
Last trade - 10.39am 23/07/2025 (20 minute delay) ? |
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VRX (ASX) Chart |