Suvo might be a few steps in-front of some of the other players and have an advantage with some land being privately held, but they don't yet have a mining license which is a big hurdle to get over, then they are going to need port access, which is difficult for everyone.
They also have 10x the shares on issue as IND and only a minority holding in top 20. Above all else, IND is tightly held with strong support in the top 20 who I don't believe are going to be sellers anytime soon. So once they start exporting and generating cashflow, people are going to have to pay up if they want a slice of the pie.
The case for silica sand and IND being best choice of company, page-11
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Mkt cap ! $14.65M | |||
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