Interesting commentary. To me, the resource is there. Unfortunately if you did a deeper dive, you would come to the conclusion that this man't team has no idea on how to produce. OK, another negative comment from me but I'll bullet point my reasons.1. Go back over the last 2 to 3 years of reports, promises and broken timelines. Not just rely on 1 quarterly report.
2. Now the sp is back at circa 5.5c, what finance house is going to fund the build? And at what cost?3. Whatever the build cost estimate is, it will come in higher than plus 20%. Infrastructure costs always do.4. It takes a minimum of 6 months to build the plant and then many months to generate revenue. Meanwhile, where is the opex cost, which will be much more than now, coming from?5. I doubt that anyone would lend more than 60% of the full cost of the plant. That's pretty much standard even for pub Reno's which has a high asset security base.6. II think they will have to barter sand for cash which would mean giving the sand away at close to cost for the early days.There are many more points involved in this investment decision like transport logistics etc but I won't bore anyone any further.
Anyone that doesn't have rose coloured glasses on and does proper research, who is considering buying vrx shares would "run away". And the sp is evidence of that.Imho & dyor
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