Once again you are making assumptions from the announcements. Every MOU is completely irrelevant at this stage. The only issue Volt needs to focus on today is working capital and again I ask you why has this not been resolved?
In respect to the MOU groups Volt announced, CNBM have numerous subsidiaries and one of these has already signed a JV with GPX for expandable. The negotiation was 20 months so it's fair to say GPX have a very solid understanding of what is required and how long the process takes. GPX are well ahead of VRC and they will not be producing by mid 2018 so how will Volt?
By the way, have you read the SVM scoping study? Their OPEX is US$300 per tonne. Volt has US$550 per tonne in the PFS however that is based on producing 170ktpa. So again, what do you believe the OPEX will be on a small scale mine only producing 10ktpa? It's not going to be US$550. It will be significantly higher and so what margin is left?
Once again you are making assumptions from the announcements....
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add VRC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.5¢ |
Change
0.001(25.0%) |
Mkt cap ! $20.79M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.4¢ | $13.41K | 2.693M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 5182486 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 14054725 | 13 |
View Market Depth
| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| VRC (ASX) Chart |