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Ann: Muchea Silica Sand Project Maiden Resource, page-56

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bendigo

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21/11/18

09:12

Post #: 36581655
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Originally posted by mabrook ↑

Forward thinking, Hardly!
Go listen to Bruce's interviews again, and read the announcements. The blueprint for the near future is already laid out. Feasibility study by Year end, not scoping study, Feasibility study. They have the Jorc with inferred resource data, they are working on a process plant in liaison with the lab who are still in the process of doing a 3rd round of iteration on our samples. Plant is standard off the shelf components. We would be refining our own sand to as high as 99.9% purity.
We are already attaining higher grade than Mitsubishi owned Cape Flattery.
Bruce said we have no peers, we stand out as cream of the crop.

Mining our maiden shipment next year is a distinct reality.
And if you think we could ever shift 400 million tons of sand in 15 years, you are dreaming.
It would need the construction of a Mega port, exclusively for bulk sand shipment. That would take years and years of planning and construction.
If we can ship between 2 and 5 million tons PA, and the port already has the capacity to do that, we would be turning over somewhere in the magnitude of $75 million to $500 million PA depending on actual tonnage and price per ton. I think we would all be happy with that!

Lets see how the future unfolds, but I am sure Ventnor will be locking in off-take agreements soonish, and I'm also sure some of those Asian customers will want guaranteed exclusivity to our products in order to maintain long term supplies.

Its a very exciting time in my opinion.

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Hi Mabrook
Excellent post.

Regarding Asian customers wanting exclusivety .
I’m sure they will.
But I’m not sure from VRXs perspective that is desirable,
because it prevents them doing deals with other end users.

VRX Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
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Ann: Muchea Silica Sand Project Maiden Resource, page-56

KalGold rolls out detailed aeromagnetic survey across Pinjin project

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HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

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Ann: Muchea Silica Sand Project Maiden Resource, page-56

Top Stories

KalGold rolls out detailed aeromagnetic survey across Pinjin project

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

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The market's shrugged at China's stimulus measures all year. Why is this one different?

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

ACCC seeks Olam divestments before it can buy Namoi Cotton

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Featured News

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