Ann: Muchea Mining Lease Application, page-11

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bendigo

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18/01/19

12:05

Post #: 37154775
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Originally posted by MyBentley ↑

Thanks for posting link to Peter Lynch investment advice.
It is a must watch for any investor. I have re posted as a click and watch.
IMO VRX fits most of all of the criteria of Peter Lynch for a good long term investment.

Peters main advice is know your product and is there a growing demand for it around the world.
And his biggest advice is if you can't explain what you are invested in and why to a 12 year old in 5 minutes, then it is junk.

I know what silica sand is used for and I know VRX has a lot of it.
I know the sand is easy to get at when VRX has mining approvals in place.
I know there is mainly scrub over the deposit and no forests to cut down.
I understand the business model.

I do not know what VRX will end up selling it for in 12 months time but I know it is valuable.

I know these things by doing a little research.

Silica sand is needed for a growing glass market, construction and so many other markets.
There is a world shortage of silica sand.
VRX has a world class silica sand resource with most of the transport infrastructure in place to get it to customers.
There is great reporting by Bruce M on a regular basis.
The business has no debt.
There are not that many shares in the register.
I see the growing demand for all the products that silica sand is needed for producing those products.

MB

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Excellent summary of VRX Mr B.
Says it all.
QED
Cheers
bendigo

VRX Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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Last 3.2¢		Change -0.001(3.03%)		Mkt cap ! $20.10M

Open	High	Low	Value	Volume
3.3¢	3.3¢	3.2¢	$7.71K	236.7K

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2	28357	3.2¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
2	28357	0.032
2	86709	0.030
1	100000	0.029
1	300000	0.026
2	40000	0.025

Price($)	Vol.	No.
0.036	76412	1
0.038	14000	1
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Ann: Muchea Mining Lease Application, page-11

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Ann: Muchea Mining Lease Application, page-11

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