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Hoping both are done soon! Production Q3/Q4 this year still in...

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BearMG

297 Posts.

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15/03/21

19:51

Post #: 51783422
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Originally posted by dbd25: ↑

We got a news update, which is all I was basically asking for. So I'm happy.
Yes, it would have been great to have an offtake
agreement signed and sealed, but it looks like we'll have to wait
a bit longer. I was pleased to read the line in the offtake update
that said ...

"The majority of recipients have confirmed that the sand quality meets their specification
requirements and underpins their desire to secure long-term supply."

So that means the sand quality has met expectations with the
potential customers, with regards purity etc. The product is good,
it is what is says it is on the outside of the box.
I'm guessing any delay with signing agreements is due to haggling on price.
Bruce will no doubt be doing his best to get the best deal for VRX,
not selling cheap at this late stage.

And the environmental permits are progressing, whilst the offtakes
are being negotiated in parallel. Need ticks for both before mining can commence.

All IMHO, DYOR

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Hoping both are done soon!

Production Q3/Q4 this year still in the picture hopefully
4 Upvote

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