Arrowsmith Central will most likely be granted at the same time as Arrowsmith North, they are neighbouring tenements. But if I was Bruce, I would get the plant mobilised for Arrowsmith North first. With 771 million tons available, it is a massive resource and will soon pay its own way. Personally, I am not bothered which ML is granted first, they are both money makers. Having three applications in the system, 1 for Muchea and 2 for Arrowsmith gives me confidence that we well get one approved, while the other might take a while longer. We don't have all our eggs in one basket where the future of the company is totally reliant on one ML. It should be a very busy 6 to 12 months ahead and I am looking forward to seeing what offtakes become binding, and with whom.
VRX Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
