Not just the BariteAs good as the Barite is that is not the big one that Vm is chasing. The Barite will lead VM to an even bigger one. Iam quoting WO who was on the Zoom call . Credit should go to WO.
"postie1: you are correct. According to Brent at the recent ZOOM mtg, they are seeking 50M to get the barite quarry and manufacturing facility built and the iodine production in motion. He stated they are two interested institutional companies. Equity financing requires no payments until production begins and 0% dilution. Brent stated barite sales will range btwn 100M to 200M annually, with iodine sales at multiples. With projected sales ranging anywhere btwn 600 - 800M, one can imagine where the SP of this company will be in a couple of years. Patience should be richly rewarded here."