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5.56% 3.8¢ vrx silica limited

Good question Jadran, the capacity has changed a lot in recent...

  1. Jgr64
    614 Posts.
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    25/01/21
    15:00
    Post #: 50429790
    Good question Jadran, the capacity has changed a lot in recent months with the strong iron ore price. Around 4Mtn pa of port capacity has been soaked up just since October and it looks like more iron ore is on the way at current prices:

    https://www.mtgibsoniron.com.au/wp-content/uploads/2020/10/MGX-Shine-Project-Update-Final-9-October-2020.pdf

    http://gwrgroup.com.au/investor-centre/asx-announcements/item/download/436_1a45556656ccc5c1f90dcf55f5be2f09.html

    http://fenixresources.com.au/wp-content/uploads/2020/12/28_FEX_ASX_Port-Access_3-December-2020.pdf

    How long the iron ore price stays up is anyone's guess, but the above projects have anywhere from 2 - 6 years potentially. It probably won't impact VRX in the longer term, but in the short term?











    VRX Price at posting: 35.0¢ Sentiment: Hold Disclosure: Held
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