its a double edged sword.
what is better, raising $170m for CAPEX to develop their 4000t pa operation only to find out that its too marginal or start up a smaller less risker project and look to expand once the mining is proved and market conditions improve?
VML has always been conservative which is both good and bad but i think that the directors are looking after the long term value for its shareholders.
look at todays annoucement and some of the hits that they are getting. 6m at 2.5% compared to a resource of around 0.30%. very good upside.
its a double edged sword. what is better, raising $170m for...
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Mkt cap ! $17.68M | |||
| Open | High | Low | Value | Volume |
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| Price($) | Vol. | No. |
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