VRX 0.00% 3.7¢ vrx silica limited

Blister, not sure what specifically you are referring to, but my...

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    Blister, not sure what specifically you are referring to, but my take is as follows.

    "The income relates to an agreement to supply up to 600,000 tons of silica sand this year to manufacturer Xinyi Glass, whose major shareholders also control Xinyi Solar. That arrangement, announced yesterday, will net Xinyi Solar up to RMB95.6 million"... so US$15m / 600,000tns = US$25/tn.

    "On the other side of the scale, Xinyi Solar agreed to buy up to 130,000 tons of low-iron silica suitable for use in solar panels from Xinyi Glass this year, with a ceiling value of up to RMB45.6 million (US$7.17 million) .... so US$7.17m / 130,000tns = US$55/tn.





 
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