Something is brewing, VMC heavily undervalued. Its been waiting to bounce for a while now. Price of gold $1910. Market cap only $25 million.
VMC have 30% stake in a 1.2 million ounce gold resource which includes 25m @34.7g/t with JORC to be upgraded in May I believe which we are still waiting for (users on RXL forum expecting it this month). VMC also hold a decent amount of shares in RXL. VMC also have other projects.
This is still cheap at 35 cents a share IMO NFA.
Ann: Range View-Gold Mineralisation Open at Depth, page-34
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Last
7.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.03M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 49994 | 7.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.5¢ | 75092 | 1 |
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| Last trade - 16.12pm 16/07/2024 (20 minute delay) ? |
| VMC (ASX) Chart |
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