The bankable feasibility study for the high quality silica tenements must be very close to being announced to market,
we are a little bit lucky that the announcement did not come out early as it would of been negatively caught up in the US- China trade war. There seems to be some thawing in trade relations and this will provide for a more receptive market towards exports. My guess that this coming week would be the most opportunistic time to publish an announcement if it is ready to be made public. Both previous Arrowsmith bankable feasibility announcements were obscured by the ongoing trade war, this greatly diminished the interest in these publications. Timing is everything in the market, VRX silica have done a magnificent campaign but the market has no been receptive to the levels of expectation, Muchea may be the catalyst that opens the markets eyes to the bigger picture. Mining licences are also a critical component for market acceptance, hopefully all the boxes are ticked before years end. Keep in mind the Argonaut company report that had the companies value at 0.87 on an un-risked basis, this was published without the insight of the Muchea BFS! Muchea is high net worth silica and with the trade wars cooling off we may see a very positive focus on the company by the market.
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