Something is brewing, VMC heavily undervalued. Its been waiting to bounce for a while now. Price of gold $1910. Market cap only $25 million.
VMC have 30% stake in a 1.2 million ounce gold resource which includes 25m @34.7g/t with JORC to be upgraded in May I believe which we are still waiting for (users on RXL forum expecting it this month). VMC also hold a decent amount of shares in RXL. VMC also have other projects.
This is still cheap at 35 cents a share IMO NFA.
Ann: Range View-Gold Mineralisation Open at Depth, page-34
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