There is already sufficient tonnes for a 20ktpa strategy. WKT, SVM and GPX haven't wasted resources and time drilling a massive resource because it's the wrong strategy. Volt only did this to produce a big NPV and history has demonstrated this was just a marketing strategy.
What VRC have not demonstrated is if they can make a profit producing at a 20ktpa run rate. And secondly VRC only has binding offtake for 1,000 tonnes so they are 19,000 tonnes short.
Sunsetspin will say it's locked away but that's incorrect. How many MOU's have we seen disappear in this industry? Plenty.
Ann: Volt to Launch Capital Raising, page-129
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