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6.06% 3.1¢ vrx silica limited

Well US$30/ton is not too bad. You can forget the higher sand...

  1. Cyberguy
    1,486 Posts.
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    12/08/18
    21:52
    Post #: 34886982
    Well US$30/ton is not too bad. You can forget the higher sand grade prices as the markets for those sands is very small.
    Not worth it just yet for VRX. Maybe after a couple of years of operation though.
    The volume play is most definitely the glass sand. If they can get 2 to 3 mill ton/yr being sold then they could make decent money, depending on what costs, royalties and taxes take out of course.
    VRX Price at posting: 6.1¢ Sentiment: Hold Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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