The VRC share price has decreased more than 50%, and IMO actually looks weaker after the PFS than it has for the last 6 months. So... at what point do shareholders start looking at this company objectively?
There are many reasons why the share price is falling IMO and the results of the PFS should be your first reference point. Forget the NPV, it's a spreadsheet calculation based on numerous assumptions which will ultimately change. We all know companies that published massive NPV's and ultimately failed to ever go into production. I certainly know plenty.
IMO the deposit is not stacking up and if you don't consider my view to be credible then find a geologist to look at the information and give you a second opinion. For instance, IMO the highlighted sub 10m intersections @ 3% are rubbish. And IMO using cut off grades of 1.29% is rubbish.
The price of the stock will ultimately be determined by the deposit and the sector, not by the NPV or any individual on HC so perhaps it's time to evaluate this more objectively.
You already know what the cheerleaders and promoters are going to say so why wouldn't you investigate an alternative view, particularly as some shareholders appear to have significant capital in the company?
VRC Price at posting:
5.7¢ Sentiment: None Disclosure: Not Held
