VMC
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11.1% 7.0¢ venus metals corporation limited

RXL has a EV of $50m for 70% of 1.1m oz = $65 per oz VMC has a...

  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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0.007(11.1%) 		Mkt cap ! $13.28M
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