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4.2¢ vrx silica limited

Ann: Strong Interest for Potential Offtake of Silica Sand, page-53

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Az888

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18/04/19

21:23

Post #: 38207251
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Originally posted by mabrook ↑

it would seem they are heading straight to the final BFS, the paper that can be put forward to obtain funding. That is a good sign. I expect the BFS release date to coincide with mining lease permits and subsequently binding offtake agreements. So we are at the mercy of dept if mines.
we’ve already had scoping and PFS in my opinion, scattered through the last two or three announcements.

we have:
cap raising gives us $2 million+ Working capital.
Letters of intent and verbal agreements for 2.5 million tons of specialist silica, glass and foundry.
plant design and costs.
catalogue of silica products.
An eager list of Asian customers.
demand for sand products forecast to grow, particularly in our target Asian market.
all environmental studies done.
further drilling underway to upscale our inferred resource estimates at both projects.
As it is now, we are looking at 100 year mine life.
Could be debt free within 2 years on 2.5 to 3 million ton pa exported.

whats needed:
mining license permits.
binding offtake agreements.
BFS
and away we go...

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VRX Price at posting: 5.9¢ Sentiment: Buy Disclosure: Held
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