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Daily price prediction thread, page-8371

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11,660 Posts.

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18/12/22

12:23

Post #: 65357034
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Originally posted by bendigo: ↑

Additionally
The Cape Flatterty location in in a very environmentally sensitive area inside the Gt Barrier Reef
Docking at the purpose built by Mitsubishi Cape Flattery mining silica sand loading jetty is restricted by Qld Ports.
And currently Mitsubishi use it to the maximum allowable number of ships permitted to dock there.
Overall shipping inside the reef is also restricted by the EPA

DRX do have great deposits of silica sand.

But shipping it out will be difficult.
They have one proposal to load it on barges and send it out and transfer it to waiting ships.
A double handling exercise.
The whole coastline is hostile in that area with no other suitable ports
Cooktown maybe, but the locals are against it.

The weather up there can be very rough and unsuitable any time making this difficult for ships to anchor.
And in the cyclone season, impossible to anchor.
So even if they ultimately get permission to barge sand,
their shipping would be irregular and intermittent.
This is a fact, and is not acknowledged in the DRX feasibility calculations
where the state they will ship sand virtually uninterrupted all year.

But the do have the former worlds greatest treasurer Wayne Swan as their chairman.
And although he is very well connected,
I doubt if he can influence the weather.
But maybe he can with the Port Authority and EPA

Ironically the number of shares they have on issue,
over 3 Billion,
would be familiar territory for Wayne.

I hope VRX do get up and running
because there is a great need for silica sand.

bendigo

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As things are moving , lots of shareholders will be appreciative to themselves for not vote for strike 2
IMO opinion calling some posters HC crazies is a compliment.
Should use the real words

VRX Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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Last 2.9¢		Change 0.002(7.41%)		Mkt cap ! $18.21M

Open	High	Low	Value	Volume
2.8¢	2.9¢	2.8¢	$5.818K	207.6K

Buyers (Bids)

No.	Vol.	Price($)
2	404937	2.8¢

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Price($)	Vol.	No.
2.9¢	22499	1

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No.	Vol.	Price($)
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7	1069150	0.027
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3	144995	0.025
1	100000	0.024

Price($)	Vol.	No.
0.029	22499	1
0.030	1697048	5
0.031	186660	1
0.048	46773	1
0.050	6349	1

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VRX (ASX) Chart

Daily price prediction thread, page-8371

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

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Daily price prediction thread, page-8371

Top Stories

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Sellers (Offers)

Featured News