VRX 0.00% 3.1¢ vrx silica limited

Daily price prediction thread, page-313

  1. 1,220 Posts.
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    I think that the FMG comparison on a $ for $ basis is fanciful as the tonnage that iron ore mines produce is vast in comparison to the mighty V. My thoughts were more of an analogy than a direct comparison. I see VRX going from a single cent penny dreadful hopeful to a blue chip multi $ share.

    From the current information available, I am not seeing the share going to 10's of $s, let alone hundreds (that dream has died frown.png). Bruce was pretty cold on the notion of doubling up plants at each site and any glass venture would be a sand supply item rather than any sort of profit share on the finished products - so in the medium term (3 to 5 years) I'm speculating that VRX would be very happy to ramp up to nameplate capacity of 2mtpa/plant. Given the expected improvement in sand price I can imagine a share price in low double figures in the medium / long term - I would be extremely happy with $10 in 5 years being as how I am holding approx 1 million shares/options.

    Happy days
 
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