Voyageur Pharmaceuticals Ltd VYYRF

MD&A

[biggdogg]

That was a detailed review that they published today. Their strategy is sound and as supply chains diminish, this plan has to begin to resonate to the competition in the contrast drug market. The points raised by the competition in this document on supply chain are important, Voyageurs timing is excellent.
The iodine project is going to add massive value.
The fullerene is going to add massive value.
I am curious of the lack of financing news, only thing that makes sense is something is brewing behind the scenes. This project is too important for Canada and the USA. They are the only drug company in North America that is creating their own strategic minerals. China and EU are going to be toast for supply very soon.

[lscfa]

Co. should abandon plans of a processing plant and just have it done by AVL or another contract manufacturer permanently. Then financing for the quarry is all that needs to be raised. The original PEA shows that $25M of the total $36M is for the processing plant. 

[lscfa]

Correction: capex for processing plant $21.5M

[biggdogg]

But it's not economic. They need their own plant in order to make money. The contract manufacturer makes all the profit, not Voy. They need a processing plant in order to high grade the ore into pharma grade barium. No other option. Pea said plant is paid out in 11 months. Get this plant financed asap. This is the most important factor for Voyageur. No plant no mine. AVL can't process ore.

[lscfa]

Outsource as much as possible until cash flow from operations can pay for our own plant. Wasn't the biggest cost advantage suppose to be in the deposit. PEA says $3 million for bottling line but obviously AVL is doing this at the moment so what the hell's the hurry?

[biggdogg]

Outsourcing is WHY ITS TAKING SO DAMN LONG. They need to be in 100% in control so they are not waiting on all these third-party groups, who want to milk the company for as much as they can and could care less on how long it takes. It is typical in all industry. Just look how long it is taking to have third parties do their formulation work. They are farming everything out having third parties do

[lscfa]

Learn how to read.  I'm saying VM should get on with building the quarry now for minimal capex, skip  building an expensive upgrading plant and outsource this function.   

[biggdogg]

And after they build their quarry what do they do? Have a camp fire and roast marshmallows? You can't build a quarry without a plant to process the ore? I think I can read very well. 

[biggdogg]

And after they build their quarry what do they do? Have a camp fire and roast marshmallows? You can@t build a quarry without a plant to process the ore? I think I can read very well.@

[WarrantOfficer]

Building our own facility is ideal, securing the financing has been the deal breaker to date. Adding on to an exsisiting facility could be another option. 

[lscfa]

The PEA shows buying BaSO4 from China costs $5,960 CAD per tonne vs $620 per tonne if VM has its own plant. If VM outsourced most of the work, the cost would probably be < $1500 per tonne and still give VM a big advantage over competitors.