VMC
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4.29% 7.3¢ venus metals corporation limited

RXL has a EV of $50m for 70% of 1.1m oz = $65 per ozVMC has a EV...

  1. yoyo1330
    143 Posts.
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    24/09/21
    11:49
    Post #: 56321915
    RXL has a EV of $50m for 70% of 1.1m oz = $65 per oz
    VMC has a EV of $16m after cash, deposits and investment including 41.7m in RXL for 30% of 1.1m oz = $48 per oz.
    big arbitrage difference.
    Additionally, VMC shares 50/50 with RXL for the rest of the ground, and 100% along the strike.

    im expecting big things from upcoming announcements
    IMO DYOR
    VMC Price at posting: 17.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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