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). 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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Last
3.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.47M |
Open | High | Low | Value | Volume |
3.1¢ | 3.1¢ | 3.1¢ | $775 | 25K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 426666 | 3.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.1¢ | 25000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 426666 | 0.030 |
2 | 200000 | 0.029 |
1 | 100000 | 0.028 |
2 | 160000 | 0.027 |
1 | 300000 | 0.026 |
Price($) | Vol. | No. |
---|---|---|
0.031 | 25000 | 1 |
0.032 | 194896 | 1 |
0.033 | 16193 | 1 |
0.034 | 12900 | 1 |
0.036 | 286529 | 1 |
Last trade - 11.32am 16/08/2024 (20 minute delay) ? |
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