Ann: VRX Silica Company Update, page-26

I'm happy with the update, progress is being made on a number of fronts,
simultaneously - samples shipped to progress offtakes, permitting & EPA,
plant engineering, power, ports, grade control, financing. All good.
Just a pity we've had a wild ride on the SP to get VRX to issue a full update.
The reason for the sharp fall in the SP was obvious to blind freddy - the EPA
update was announced around 11am yesterday, investors got spooked, then the SP
began its rapid slide. Just look back at the timing on the SP chart, clear cause and
effect No mystery here at all. Perhaps not only due to the EPA ann, I'd say this was the
straw that broke the camel's back after several months of no news from VRX.
Anyhow, it's clear any further selling is not warranted, and VRX is now oversold with
a market cap of ~15% x NPV. Should be 33% x NPV post DFS (i.e. >40c). So some
may get some cheap shares at market open tomorrow.

All IMHO, DYOR