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5.41% 3.5¢ vrx silica limited

Most companies usually wont pay dividends until all their mines...

  1. Noah&Ark
    177 Posts.
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    16/10/19
    19:14
    Post #: 40917165
    Most companies usually wont pay dividends until all their mines are in steady state production?

    According to VRX & Argonaut assumptions below that will be some time after 2025.
    VRX will have a Top shelf collection of Mines and tenements VRX by then.... so hopefully the sp will be a lot more than $2.50

    Table 2. Argonaut model assumptions Source: VRX Table 3.
    Arrowsmith N A.Sth Muchae
    VRX Mine Life 25 Yrs 7 Yrs 26 Yrs
    Start Construction 2020 2023 2024
    Ramp up at 1Mtpa 2021-2023 2024 2025
    Steady State Production 2024-2046 2025-2029 2026-2050

    But then it should be good divs for 25yr +
    jolly good retirement

    IMO the very worst thing would be a TO now - no normal premium on our current vwap would do justice to our long term value & dividend prospects...…

    I did get the calculator out & it was scary good
    Last edited by Noah&Ark: 16/10/19
    VRX Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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