@WombatKeith there is only one problem - rail capacity. Both directions - north for Arrowsmith and south for Muchea - are single rail lines and each is limited to 4mtpa capacity. Obviously some sidings to allow for two-way traffic is the solution but who will pay? Ramp up for each project is one 12hr shift to produce 1mtpa and once settled down adding the 2nd shift for 24/7 operation. BM has said that the most likely scenario is one offtaker for each project and those offtakers will be multinationals with big balance sheets. Almost certainly Mitsubishi will be one of them. Smooth sailing direct to India where M dominates the car glass industy with >75% mkt share. There are some big ethical supply problems in India. The other Arrowsmith project could supply South Korea foundries. Muchea is ideal for the ultra-clear flat glass mkt e.g. solar panels. The top 10 manufacturers are Chinese. At least two have operations in Malaysia. Notice the diversity? Not a bad business plan. There's a 10-bagger here for those who are patient.
VRX Price at posting:
8.7¢ Sentiment: Buy Disclosure: Held
