VRC has a market cap of $56M at 5.3 cents
sounds cheap compared to MNS but not cheap compared to BKT ($15M) & KNL ($36M)
BKT reported 97.7% TGC from flotation, with 67% in the large-jumbo category (vs MNS with 73%)
MNS is $300M for a reason - they are beyond ordinary - their BFS states: "concentrate product at an exceptional purity of 99.2% TGC".
if VRC are going to close the gap with MNS, they need to report consistent 99% grades from natural float
today, VRC simply said: "concentrates up to 97.7% Total Graphitic Carbon (TGC)"
Ann: High Quality Concentrates Produced and JORC Resource Upgrade-VRC.AX, page-40
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