vxl already have funding to revamp existing plant to process the 2 existing stockpiles and the operating profit from that will cover the digging up of more graphite to feed existing plant once the 2 existing stockpiles are used.
if vxl were to just use the revamped plant then they would be profitable and of course the head count would be a lot lower than 50
however vxl are doing better than that and the installation of the new plant will bring economies of scale with a lot more staff - it should be operating profitable once production is at say 35-40% of the 50,000t pa
mr market is waiting for update
VXL Price at posting:
23.0¢ Sentiment: Hold Disclosure: Held
