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4.2¢ vrx silica limited

What is ASN sorry mate

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KenChase

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23/11/23

17:04

Post #: 71074171
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Originally posted by blister: ↑

my understanding is different.

ASN is to be a stand-alone export project shipping sand to partners.

Muchae initially will be a sand exporting mine, with a transition to a vertically integrated solar and perhaps LCD manufacturing plant. Now Muchea is a tricky one as the esperence port can't handle the volume of sand anticpated out of Muchae, so it will be very constrained in the early days (offset by the higher margins) if they go the DSO route. this leaves VRX with a choice; invest in esperence port or invest in building downstream value adds.

its clear that bruce is pushing the latter, with the value chain being established in WA.... that said, if push comes to shove in 2 years time and all the government/industry partners aren't ready to invest in glass manufacturing, VRX will just dump 50 million of its own cash into expanding esperence port. Now obviously this will come with its own headaces and hurdlesas as "sand" or "silica" doesn't appear once in the port of esperence master plan.

All this being said, once ASN is through the EPA and attention pivots to Muchae i imagine the way forward will be addressed more openly and precisely.

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What is ASN sorry mate

VRX Price at posting: 10.5¢ Sentiment: Hold Disclosure: Held
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