I thought it would be interesting to try and get some comparison...

I thought it would be interesting to try and get some comparison with US Silica. I understand a comparison is not exactly like for like but it's interesting to look at some high level numbers. VRX number is in Aus $ and US Sillica is in $U.S and is their Dec 2019 numbers.. I haven't bothered to do any conversion.

I have used $80 per tonne for sales volume for VRX as that's the average for US Silica. To me, US Silica struggle to make any money but still their SP is $10.54 and they pay a dividend.

I think our SP should be pretty good once we get up and running.

		VRX	US Silica
1	Market Cap	170m	780m
2	Sales	480m	1.5b
3	EBIT		-330m
4	Eest Volume p.a	6mt	18mt
5	SP	0.34	10.54
6	Dividend		0.25