This stock is heading right back to circa 25 cents based on my technicals. That wouldn’t be cheap enough if VC-07 East is proven sub-economic.
And right now it’s looking that way.
As for the $30m+ in their bank, it won’t last longer than a year, and will be wasted if they keep drilling but do not find the “golden egg”. I hope for all they find it.
The drill intercepts discovered in Oct - Nov 2020 appear to have been exceptions, with nothing close ever since.
Don’t even get me started on the average looking metallurgical results conveyed as “premium”. This reality was backed by the share price plunge that happened ever since the “excellent” news was released on 6th Sept.
I’m back to warn new investors to those on this forum, who will say anything to keep the share price rising.
Always do your own research prior to investing.
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- Ann: Excellent Results from Andover Metallurgical Testwork
Ann: Excellent Results from Andover Metallurgical Testwork, page-33
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