I also have a exposure to silica sand projects via VRX and most...

I also have a exposure to silica sand projects via VRX and most recently SUV which is finalising acquisition of a site.

VRX's progress to mining had been drawn out which is reflected in the share price currently.The EPA is progressing slowly but no offtake or funding is yet in place.

I invested in the "Mt Morgan version" of CRB so the current "sand project" version of CRB was not an intentional investment.

That said, the demand for pure silica sand is strong and the capital cost is relatively low to commence mining. At this stage based on what the company has released the quality of the project looks attractive. Clearly there is currently ongoing drilling/evaluation and there is the matter of the lease extension, eventual mining approvals etc so I expect CRB has a while to go before CRB shareholders will get much SP appreciation.