Well those original BFS numbers are going to look small in reality if VRX can pull this off.
After the initial year, I can see them having to really ramp up production just to try and keep pace with the obvious demand, maybe double to 4 million TPA for Muchea and 4 million TPA for Arrowsmith.
Apply a more realistic NPV of 5 or 6% to 8 million TPA production and see what you can come up with. It doesn't really shorten the mine life, as with a bit more test work the inferred ore reserves can be upgraded to probable reserves once proven.
I can also see that on-site downstream processing being the only logical solution for such high demand.
If we can't move a mountain of silica sand to the customers fast enough, bring the customers to the mountain.
Daily price prediction thread, page-125
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Last
5.6¢ |
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Mkt cap ! $32.66M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.7¢ | 5.5¢ | $1.388K | 24.97K |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 134845 | 5.5¢ |
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| Price($) | Vol. | No. |
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| 5.6¢ | 12490 | 2 |
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| Last trade - 15.46pm 08/05/2024 (20 minute delay) ? |
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Change
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| Open | High | Low | Volume | ||
| 5.5¢ | 5.5¢ | 5.5¢ | 27500 | ||
| Last updated 15.18pm 08/05/2024 ? | |||||
| VRX (ASX) Chart |