Just playing catch up, thanks for all the analysis. Bruce mentioned in passing that the margin on Muchae was double that of AN. Hence the jump from $20m to $60m to $80m and beyond. With the process clearly established, hopefully EPA delays will be a thing of the past and expansion can bolt on quickly, and cheaply as required, and all internally funded. I don't understand the fixation with valuing VRX on year 1 production. It is one of the best growth stories I've seen on the ASX currently, both at a project level and a commodity level. The only thing that concerns me are the relatively low barriers to entry for other players, but we clearly have several years jump on them, and the IP gained during the delay is of huge value to VRX too.
GLTA
Just playing catch up, thanks for all the analysis. Bruce...
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Last
4.5¢ |
Change
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Mkt cap ! $28.27M | |||
| Open | High | Low | Value | Volume |
| 4.5¢ | 4.6¢ | 4.3¢ | $25.50K | 574.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 86661 | 4.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.7¢ | 98400 | 1 |
View Market Depth
| Last trade - 15.28pm 30/05/2024 (20 minute delay) ? |
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Change
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| Open | High | Low | Volume | ||
| 4.5¢ | 4.6¢ | 4.3¢ | 267273 | ||
| Last updated 15.59pm 30/05/2024 ? | |||||
| VRX (ASX) Chart |