Before everyone gets excited. Excluding the VDT trials and delays, focus on the numbers. We need at least $60m probably closer to 80 or 100m to allow for opex etc. How much sand are we giving up if we provide a contra deal. At say A$60 pt, that's 1m tonnes of sand.The maths here stinks. So much money neededOh yeah, the bfs is ungeared. Funny that. The numbers and the returns do not include funding costs which has been listed at 12%..Well guys, the more I look at this, the more the numbers do not stack, certainly not for at least 5 years. Then where is the money coming from for Muchea? Good question!The answer is in the sp. If the market thought the bfs was great then it would have spiked like it did in 2019. This unfortunately is a dud.
Imho& Dyor
Before everyone gets excited. Excluding the VDT trials and...
Add VRX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
4.8¢ |
Change
-0.008(14.3%) |
Mkt cap ! $25.66M | |||
| Open | High | Low | Value | Volume |
| 5.2¢ | 5.2¢ | 4.4¢ | $56.48K | 1.137M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8964 | 4.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.9¢ | 21815 | 1 |
View Market Depth
| Last trade - 16.10pm 28/05/2024 (20 minute delay) ? |
|
|||||
|
Last
4.8¢ |
Change
-0.008 ( 12.7 %) |
||||
| Open | High | Low | Volume | ||
| 5.2¢ | 5.2¢ | 4.4¢ | 269230 | ||
| Last updated 15.55pm 28/05/2024 ? | |||||
| VRX (ASX) Chart |