re: Ann: Pilbara Cu-Zn Project DFS Delivers P... arsenic
I cranked that estimate right down and it's also post tax.
Add the other resources and value for exploration and we are way way out of court at 2.5c!!
The market is in "default" capital raising mode and is beating VXR down, regardless of intrinsic value or value to be added. It's a ridiculous reaction and unfortunately is common for nearly all small explorers/developers. Makes the equity market funding model redundant for VXR.
You would have to think that both Regent Pacific and NST are looking at this situation very closely.
Regent are about to come into ~$80m in a few weeks time from the exit of BCI. They have stated they intend to pursue contolling stakes in developing miners.
NST have cash and cash flow. Their in house UG mining team could really get stuck into Sulphur Springs and produce some meaningful cost resductions.
combined stakes = 46%...they could mop up the balance and easily co develop.... just a thought.
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