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0.00% 0.6¢ variscan mines limited

Ann: Novales-Udias Project & Development Update and Pathway, page-2

  1. hilly_sandman
    1,488 Posts.
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    28/09/23
    16:12
    Post #: 70079229
    Have been following VAR for a while, I think an interesting risk reward option given jurisdiction and macro potential with zinc.

    However it is hard to ignore that the resource estimate delivery has slipped 9mnths in 9mnths...

    They have A$1M remaining to try to complete the underground drilling, a restart study and the met test works... Cannot see a suitable SP catalyst for VAR to raise capital into prior to these 3 items being complete...

    Now...
    https://hotcopper.com.au/data/attachments/5614/5614538-fda7a9692b47ed6e6240c58dd5b3740b.jpg

    3 months ago....
    https://hotcopper.com.au/data/attachments/5009/5009514-fc476859d6a7492cf070ab1d75bd570f.jpg

    6 month ago...
    https://hotcopper.com.au/data/attachments/5009/5009508-a1491f4eab76bf143a069b3a8fa2df63.jpg


    VAR Price at posting: 1.4¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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