Dont think the market recognises the significant potential of this project yet.
Targeting 500m t - 1b t of iron sands Ore is DSO grade Local expertise
The means of processing the sands is very simple and cheap. Dredging and seperation (cyclonic then magnetic). Requires some drilling to reach JORC status but VEC well funded to do so.
Close to infrastructure, low sovereign risk. Staged vend tied to Co milestones inc production.
Margin on production would be at least $10 per tonne imo which makes this a very valuable project indeed.
$1 here we come
VEC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
