VAR variscan mines limited
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Ann: December Quarter Activities Report and Appendix 5b, page-4

  1. scombley
    2,923 Posts.
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    31/01/23
    17:33
    Post #: 65984263
    Rough envelope

    Raise by issuing 100,000,000 @ 1.8c (raise $1.8m gives roughly COH $2.5m)

    Currently SOI 266,000,000
    New issue. 100,000,000

    60,000,000 (Potential milestone share issued if 8Mt JORC MRE)

    426,000,000 SOI but with resource of 8Mt @ 7% zinc a MC of $30-40m deserved imo (7c per share)

    Could live with that. Is $2.5m enough. Resource looks a goer to date.
    Last edited by scombley: 31/01/23
    VAR Price at posting: 2.2¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch. 2  Great analysis
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