When I first devided to take a significant core position in VAR I worked on a 8 mill tonne resource target at 7 pct grade based the vendors bonus triggers in place. A Reocin little bro.
And u would remember me scratching my head in here MAP when there seemed to be a constant supplier of cheap stock, given the early results suggested we were on target.
Being a why not bloke it made me feel that maybe the vendors were confident of those targets being met and such a bonus might take them over the compulsory acquisition limit, so they may have been balancing out in advance to avoid such embarrassment haha.
I can now see where the Reocin twin call comes from, and all I can say is, this is one u may be able to write your own ticket with on how much u want to make.
Lets just say if we are now talking probability of say, 20 mill tonnes at 8 pct equiv Zn at current usd 3000 / tonne, we are aiming for a usd 5 bill buck IGV with all the boxes ticked.
I dont think some minor project finance to provide crushed rock to the smelter down the road is going to be a problem MAP haha.
Keeping it simple, U know my EW3 tech target mid term is around the 30c rim of a 5 year cup if u follow eary posts. And assuming SOI post vendors bonus plus a few extras might be around 350 mill shares say, my "cup rim" would represent a modest 100 mill market cap.
That's way too cheap if our exploration target at the lower end evolves as a resource.
So yeah, let's just say I have great expectation re how this is going to reward the true value seekers in the mid term. I stick to my MO if substantial core hold and follow thru with further trading parcels once the pivotal triggers are taken out. Methinks the next one is 3.3+
Lets hope the global economy remains stable and our Cap'n steers a steady conservative course. We might have enough cash to bring home a maiden resource at San Jose mine, and start planning some early cashflow to keep our register tight. Could be talking cents to bucks here if that 9 km strike proves up.
OWEP
Good luck bros.
- Forums
- ASX - By Stock
- Ann: Quarterly Activities and Cashflow Reports
When I first devided to take a significant core position in VAR...
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add VAR (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.653M |
Open | High | Low | Value | Volume |
0.7¢ | 0.7¢ | 0.7¢ | $539 | 77.04K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 2405614 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 1129699 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 2405614 | 0.006 |
5 | 1918833 | 0.005 |
3 | 1540000 | 0.004 |
2 | 666691 | 0.003 |
2 | 799990 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 1129699 | 3 |
0.009 | 400115 | 2 |
0.010 | 346000 | 2 |
0.012 | 330000 | 2 |
0.013 | 500000 | 1 |
Last trade - 16.10pm 09/05/2024 (20 minute delay) ? |
Featured News
VAR (ASX) Chart |