VR8 1.01% 4.9¢ vanadium resources limited

Ann: Steelpoortdrift PFS delivers superior results, page-35

  1. 357 Posts.
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    Not financial advice by any means, please do your own research before buying any shares.

    I just took a position here on a small dip, following the release. I wish I'd had it on my radar this morning at open.

    This PFS NPV versus current MC offers (what I see as) one of the most compelling upside opportunities I've read recently. Reminds me of when VUL released their PFS, of course the NPV there (& of zero-Carbon Lithium) was c$4B AUD, but in terms of Market Cap multiple it was circa 15-20 at the time, and quickly tripled.
    Market cap here versus NPV is closer to 40-50 times (depending on ownership split over time), based on a rough calculation.

    Proven resource, strong IRR (45%), strong NPV, tiny market cap vs. NPV, in demand resource... am I missing something?!

    I'll be looking to buy more on any dips we see from here.
    @T.E.P. - unsure if this one is on your radar, thought I'd throw you a tag to hear your thoughts.
 
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