Where do you get that number from MiningNut. As far as I'm aware they have an 11% interest in this particular Bongo hole. Further holes at Bongo will be slightly less, ie 9.something.
Besides, nobody is expecting that Bongo will be the making of VIL. The fact is that finally after a very long wait VIL ducks seem to be alligning. Bongo is looking very promising. FP is finally moving forward and could provide very good news any day now. The pass merger will bring in lots of new prospects and additional revenue.
The fact is VIL is changing and it is happening very quickly. Many people follow this stock but with so much uncertainty most were sitting on the sidelines thinking "I'll believe it when I see it". Well now we are seeing tangible things happening. The news is regular and the price is starting to move quickly.
People on the sidelines know that if they are going to get in towards the bottom then they may need to move fast. A good announcement on FP could send this thing racing faster than they can get a buy order in. It has happened before and the only reason so many people follow this stock is they they believe it could happen again.
I got more a couple of weeks back at 2c. It's up 40% since then against a large drop on the overall market. I believe there is a good reason for this change. I believed it two weeks ago and I believe it even more today.
This stock isn't for everybody and there are no guarantees. I can only talk of what I see and the annoucnements that are made. My opinion is however that the tide has turned and it's not longer a matter of picking the bottom but decided when you feel comfortable reentering the water. You won't get the bottom of the market, that ship seems to have sailed. Just got to evaluate the potential and decide if you believe the story or not.
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