Just thoughts... I see Victory Silica as the catalyst that could put Victory's Minago nickel mine into production.
If Victory Silica were to get a solid JV partner and together they strip the overburden the Minago Nose deposit, then mine the frac sand, Victory Silica's total production could be well over the projected 1.0M tonne annually. As the result they might earn roughly 10 cents per share on the present 571.6M to 742M shares .
The JV would have to mine at least 2 million tonne frac sand annually on 60/40 basis in favor of Victory Silica and assuming we had another 0.5m tonne from US frac's, for a total of 1.7M tonne.
Under such a situation, those who came in at 3 cents with over 200,000 shares should exceptionally well especially under the present situation of Indonesia not allowing nickel and nickel pig iron ores to be shipped for off-shore treatment along with restrictions on off-shore concentrate shipments.
With a sudden movement in the nickel price the value of Victory Nickel's shares could jump while the CAPEX to place the Minago Nickel into production would be lowered by the removal of the overburden and frac sand overlying the Nose deposit.
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Nickel
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April 03,13:59
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Bid/Ask
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7.3586
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-
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7.3609
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Change
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+0.0268
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+0.37%
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Low/High
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7.3319
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-
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7.3609
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 Charts
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