VTM 9.23% 35.5¢ victory metals limited

Ann: ADDITIONAL FUNDING, HERITAGE SURVEY & JORC RESOURCE, page-8

  1. 5,784 Posts.
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    If any shareholder needed further evidence that the Jorc Mineral Resource Estimate is going to be on the positive side, you got that reassurance from todays announcement.
    NO ONE departs with money by exercising their options unless they are pretty confident that the company is heading in the right direction and the future looks bright.
    Throw in the miserly market cap and one gets to appreciate that this story has not even started yet, hence the reason why I posted the last two times questioning why the heck shareholders would be giving their stock away.

    Whether we agree or disagree with the critical mineral hype that has engulfed our market over the past 2 years, the bottom line is, that is where the biggest investment returns for shareholders have been made.

    Because VTM is still a fairly new company, having listed just 2 years ago, the number of shares on issue is still minimal. So the opportunity to grow substantially in market cap terms is compelling.
    There is no reason why this company cannot be enjoying a mkt cap of at least 50 million dollars with a positive Jorc announcement. With sound management leading the way, and ticking the right boxes a mkt cap of around 100 million is certainly within reach closer to Xmas.

    What happens beyond that will largely depend on whether we continue to see a continuing appetite for critical minerals.

    If we can believe what all the leading car manufacturers are spruiking, one can only imagine that this appetite will not be quenched any time soon..

    Cheers.
 
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