just for an interesting comparison in the value of the Bronzewing Processing Plant to VRE, recently NAV agreed to purchase a 700,000 tonne per year processing plant and have gold resources of 860,000 oz's and a market cap of $95 million.
VRE has a 2.3 million tonne per annum plant which is currently producing, 805,000 oz's in resources, and a market cap of $70 million.
So VRE has current production capacity over 3 times that of NAV, with the ability to use spare capacity to treat third party ore.
The production capacity at Bronzewing is a long term valuable asset that is yet to be fully appreciated in terms of the shareprice.
The following quote from Tim Gooch highlights the value of Bronzewing going forward "there are probably 40-50 operations in the region that could use our process, production, camp and services facilities � millions of ounces, albeit many not JORC compliant and not particularly advanced, but with ore that we can process."
NAV has long been a market darling in the gold arena, but going on pure production ability it would be well worth running the numbers over VRE.
VRE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
