Bruce never said which Xmas :PBut seriously though, 2021 was the...

Bruce never said which Xmas

But seriously though, 2021 was the start of huge supply shortages and record lead times, 2022 was the start of the largest and most rapid increase in interest rates in decades and was also the start of a huge international war, all of this happened during a once in 100 year pandemic. Quite frankly if we started construction in 2022, VRX might well have gone bankrupt. IMO although these delays are frustrating, I think they are a blessing in disguise. Many ASX companies who started operating in the last 2 years have either ceased their operations entirely to save cash until the market outlook improves, or they went into administration.

Bruce has undoubtedly made mistakes, he's said or eluded to things that didn't materialize or couldn't be achieved, but these delays go well beyond him or this company or even the EPA. Frankly he has experience mining and selling sand (zircon) and he has the industry knowledge to do it again so long as these macro issues sort themselves out. Attempting to replace Bruce, especially when there has been no names put forward as alternatives, would be the end of VRX, you are just cutting your nose off to spite your face.

Fundamentally, the demand for silica seems strong, the updated BFS has a good IRR and still a low capex all things considered, and all this was done during a period of market uncertainty, costly debt, and even by using road trains to deliver sand to Geraldton Port the metrics are still strong.