Seems to be suitable mate - the management team is confident in it at least, and you have to take some solace from that.
It is a reconditioned plant that has been moved from a prior site in Victoria. The Gecko team are leading the move and reconditioning of it, and again, you have to assume that they have a vested interest in the success of this because as far as I know this would be one of very few / the only one that will be in use with the TOMRA setup in Australia. If Gecko get it working, and it's delivering high recovery rates from 2-3g/t feedstock then not only are VTX off to the races but so are Gecko - I believe that this is all-in bet from which they also grow.
They have also been conditioning this to ensure it's better suited to the ore here. Granted, there absolutely is a risk that it doesn't work as intended, or that it has operational or maintenance issues. That is the risk with every developer and it always takes time to ramp up. But that's where investors need to make a call.... higher risk, higher reward. Don't like the risk? Then don't expect to earn bags on investments
There's a release about 6 months back that talks about it in more detail
VTX Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)