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5.7¢ vrx silica limited

You couldn't simply respond to them without the childish...

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Mr Hamilton

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257

07/03/21

12:33

Post #: 51580414
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Originally posted by mabrook: ↑

Hmm, you're beginning to sound like a troll.
All the drilling for the BFS was contained within the granted mining area, obviously done for strategic reasons, and furthermore, the whole 1000Ha was not peppered with drill holes - further resources could be added by further drilling. It's an easy low-cost exercise, they are only digging into sand, no diamond drilling through hard rock. They are doing additional drilling at some point just to firm up the numbers.
It's pretty much standard practice and wording. Companies have to be very careful nowadays of making exaggerated claims and therefore err on the conservative side to avoid ASX tantrums.
There would be little point in wandering into the allocated green zone with the drill, knowing there could be an issue later.
The conservative figures contained within the Bankable feasibility study still stand. At $60 a ton to take a conservative average, it's over a billion dollars reserve as it stands. That's good enough for me.

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You couldn't simply respond to them without the childish sooking? So arrogant...unbelievable.

VRX Price at posting: 27.5¢ Sentiment: Sell Disclosure: Not Held
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