VTX vertex minerals limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-8

  1. 4,638 Posts.
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    Morning all.
    @tarasbulba

    Here are a couple of excerpts that got my attention.
    We will be up and running in January with $ coming in.
    Expanding the res est will no doubt be the first cab off the rank.
    With grades and depths that are mouth watering, I don't see there being any doubt that will eventuate.

    https://hotcopper.com.au/data/attachments/6577/6577075-e51cf99d3c53849dca460076d8369086.jpg

    With a gold price of over $,000 aud and a very healthy margin to boot,
    we will have plenty rolling in to value add as we progress.
    So where can we add value?
    The grades below at "Pride Of Elvire" may give us a hint.
    https://hotcopper.com.au/data/attachments/6577/6577074-b2208a6ef733ceb3f1851e95c43a91c1.jpg

    We have some very good times ahead and yes @tarasbulba the mc is very low considering but it is higher than the number on hc.
    We have quite a number in options and this latest round of cr to add to that.
    Given the immediate production commencement and the potential free cash, we are still very cheap.

    Kind regards, Wack
 
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