VRX 0.00% 3.7¢ vrx silica limited

As long as the offtake is binding it’s desirable to have it...

  1. vmp
    13,193 Posts.
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    As long as the offtake is binding it’s desirable to have it signed as soon as t&c’s are agreed. Why would one sit on it like a duck
    The arrowsmith sand washer plant will only cost $28m and take a few months to stand up, not years like copper, gold or lithium plant.
    Do you think you should only start finding the funding when the economy improves? Noah built the ark when there was no rain. Besides, the forecast for sand silica is robust because of the gazillion dollar reasons that’s been repeated gazillion of times by Bruce.
    Get the offtakes now, obtain the funding commitments whilst interest is low and plan for the plant including longer lead time parts, and roll it out Upon receipt of all permits.

    Easy to say wait for them to come to us. But in business you’d have to meet half way.

    Aimo
    Last edited by vmp: 23/03/21
 
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