" The details in this release of opex and capex throws yet even...

" The details in this release of opex and capex throws yet even more questions about the IPO document figures and latter releases. "

Don't buy that, management failed to implement phase #1( page 24 ) of the replacement prospectus 2013.
Circa $ 3 million capital expenditure required.

VALENCE INDUSTRIES DOUBLES EXISTING ROM STOCKPILES

http://www.valenceindustries.com/pd...6_Valence_Doubles_Existing_ROM_Stockpiles.pdf

I "accept " some additional money may have to have been spent due to bluechip's inaccuracies of the production systems ,but why management embarked on a drilling campaign when one wasn't required to facilitate phase #1 is beyond me.
The disconnect between management and Sth Australian mine regulation requirements compounds their collective lack of knowledge and ability to get the job done.
Employing people to do nothing showed management for what they were,completely out of their depth.

Raider