...as 'spec' Co's do....and considering this is also an evolutionary product that the 'heat' went out of for a while....and being mined in Africa dont forget...l think VRC has endured the journey quite well, have a very clear plan forward to mining with BOA's and finance clearly in their goals. The fact they are still in 'ongoing discussions' with financiers indicates that once the DFS numbers are tabled these guys are still interested to lend...others wise discussions would have ceased l should imagine. Yes SP has come back as with all graphite players...however, %'s aside, l still believe VRC lifting 11c back to 14c high a lot easier than MNS lifting nearly 70c back to their previous high.
Now, if you want to talk %'s....if/when VRC does get back to 14c it is a "5+bagger" on today's price and nearly a "Disallowed" if you bought a week or so ago...MNS back to $1.10 (and only God knows if how and when!) is a "2.7 bagger"....of all the graphite plays VRC, with what have coming in next few months, looks a good bet from here imo...dyo maths
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