Daily price prediction thread, page-4161

With all 3 going, and a pe of 10, using the BFS, the sp is $4.26.
Be that as it may, It is possibly 3-4 years away before all 3 will be in production (even assuming each tennement comes on stream straight after the other, it's 6 month build time for each so thats 18 mths).
The reason why people would sell is the wait time. Not everyone is happy to put the shares in a drawer and park them for a further 3-4 years. They might see an opportunity in the meantime and go for it. or might need the cash because when people bought in, the VRX timelines in their presentations indicated a much earlier go live date.
You might think its low risk but shares are always risky because you never know what curve ball can be thrown at you. Look at Mabo! Sure, we have native title agreements but you just don't know whats around the corner and there is still a long way to go with VRX. IMHO. Forget dividends for at least 1 year post all three tennements going. Actual profits will take time to seep through