An NPV of $253M on revenue of $140M pa? Geeze, margins must be real tight
And its only PFS. So accuracy on the numbers is at least +-30%. Ouch. So margins would slim down further.
Remember the PFS for Sileach in 2017. That was apparently profitable and they did nothing with. Then recently the MD stated that it is not profitable. Go figure. So is VSPC PFS profitable or not?
India? So the company fleeces the tax payer all those years on grants and R&D rebates, then float the idea of India? What happened to them promising jobs in Australia? Bit of a worry if margins are so tight at PFS stage....In India.....Imagine the economics at DFS stage.
Oh dear! And that is after 3 years of restarting the pilot plant and going through cost reduction exercises.
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