VMC
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11.3% 7.1¢ venus metals corporation limited

Ann: RXL: Youanmi Near-Mine Prospects Delivers High-Grades, page-9

  1. littlecorn
    6,402 Posts.
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    30/08/21
    10:13
    Post #: 55672334
    RXL has a EV of $50m for 70% of 1.1m oz = $65 per oz

    VMC has a EV of $16m after cash, deposits and investment including 41.7m in RXL for 30% of 1.1m oz = $48 per oz.

    big arbitrage difference.

    Additionally, VMC shares 50/50 with RXL for the rest of the ground, and 100% along the strike.
    VMC Price at posting: 17.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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Last
7.1¢ 		Change
-0.009(11.3%) 		Mkt cap ! $13.47M
Open High Low Value Volume
8.0¢ 8.0¢ 7.1¢ $2.303K 29.58K

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No. Vol. Price($)
1 7533 6.9¢
 

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Price($) Vol. No.
8.0¢ 77500 1
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