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4.2¢ vrx silica limited

Will be interesting to see what the share price does tomorrow. A...

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mervh2k

369 Posts.

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17/05/20

17:41

Post #: 44665943
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Originally posted by bendigo: ↑

Harry
As a recent poster to the VRX threads.
Welcome.
It is good to have a new contributor.
And someone who, like many of us, realises the enormous potential of this company.
And with a top class management team
doing everything methodically and professionally,
they will become a major global silica sand supplier.
The delay at the moment is of course all the red tape.
But VRX has ticked all the required boxes.
So it is very frustrating that the various Gvt departments are doing what Gvt. departments do best......causing delays.
...............................
You appear to be a newcomer to Silica sand.
If you’re not familiar with it,
I suggest you spend a few minutes looking at
Mitsubishi's privately owned Cape Flattery operation north of Cairns.
Very isolated location.
Huge, long standing very successful mine.
Their own purpose built loading jetty.
They are restricted by the amount of sand they can ship by regulation
as it is inside the Gt Barrier Reef.
So they cannot up-ramp their output.
And as we understand, more and more silica sand is required....worldwide.
No access or other means for anyone else in that area to ship sand.
So other ”wannabes” up there may as well have their deposits on Mars.
( Yeah I have checked them, and IMO its impossible for them to mine and ship product)

This is what initially attracted me to VRX

The location of the sand and its proximity to ports.

Cheers
bendigo

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Will be interesting to see what the share price does tomorrow. A lot of interest on Hot Copper for a Saturday & a few on Sunday

VRX Price at posting: 8.7¢ Sentiment: Buy Disclosure: Held
4 Upvote

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