My understanding is the present JORC (6.6 MT)offers a mine life of 10 years at 50,000TPA production. There is potential to up this JORC 25-150MT. This could allow extended mine life or increased production or both. No rush to do either at present but a nice sweetener for later. SYR MC for instance is based on a much higher JORC but processing etc is some time off. This is why I find VXL a very attractive investment whith huge upside and it appears this sentiment is spreading. fc
VXL Price at posting:
52.5¢ Sentiment: Buy Disclosure: Held
