few points i picked up that i'm not sure were overtly known, at least to me.
- ASN - plant, 1mtpa being scrapped to roll straight into a 2 mtpa plant... geez must be confident about offtakes.
- switching to float instead of spiral processing (known), however this lowers capex and opex (new to me) = higher margins
- the WATER BORE IS COMPLETE! if that doesn't get you to buy in, what will!?
- Muchea product of 99.9% SiO2 with Fe2O3 <100ppm (just worth pointing that out again)
- Summary - VRX prepared and submitted an amended draft on 13 December 2021. 18 January 2022 these were addressed by the Company. The Company understands the Board is scheduled to meet and consider the ESD in late February 2022.
- February is decision time for ASC too.
VRX Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
