From the recent updated BFS... "prices for the commodity will range from US$38 to US$43 per dry metric tonne" with C1 production costs stated at AUD $31.56.
Current price in China is US$57/MT which is less than the rest of the world https://www.chemanalyst.com/Pricing-data/silica-1304
Doesn't sound like break even to me. Obviously there will be a period of ramping up production to over 1m tonnes / year which will result in the stated C1 cost
VRX Price at posting:
4.5¢ Sentiment: Hold Disclosure: Held
