why do you think this will rocket with a rising uranium spot...

why do you think this will rocket with a rising uranium spot price

VAL don’t have a uranium resource, and in fact they haven’t even put a drill hole down yet to see if there is any uranium there.

also based on the most recent quarterly cashflow report VAL is spending 27 cents in every dollar on “admin and corporate” :-



27 cent in every dollar going to “admin and corporate” is way too much in my opinion

and if their prospect truly was “highly prospective” why they haven’t they drilled it and hit high grade uranium - followed by a capital raise which would be supported if there was actually anything there.

finally I think the following recent post is very telling:-




DYOR.