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13:24
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Originally posted by Jayse:
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What they have is relationships in America, a country already committing eye watering sums of money to the renewables cause. VRC have a truck load of a resource in two locations so desperately needed in the future way of life - albeit one that is requiring work but the main foundations are there and is already producing. To build a mine from scratch is a huge cost and project as opposed to an operating mine needed upkeep. Volt has both old mine and new project in a resource that we all know is going into supply deficit at some point in the short to medium term. Peer companies with only 1 resource in similar African locations, with no funding to build mine are multiples higher in MCs valuations - why is this? VRC also have $10m in the bank, turned down another $10m, could have had $20m but decided on the $10m.
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the silly thing JAYSE TM was offered the money for Bunya back in October 21 but turned it down. This has been poorly managed especially when it comes to capital raises.Having all these connections with America mean noting if you haven't got offtakes being filled now .
