VR8

5.56%

3.8¢ vanadium resources limited

Ann: Steelpoortdrift PFS delivers superior results, page-37

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EggHunter

357 Posts.

612

23/06/21

11:42

Post #: 54012266
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Originally posted by EggHunter: ↑

Not financial advice by any means, please do your own research before buying any shares.

I just took a position here on a small dip, following the release. I wish I'd had it on my radar this morning at open.

This PFS NPV versus current MC offers (what I see as) one of the most compelling upside opportunities I've read recently. Reminds me of when VUL released their PFS, of course the NPV there (& of zero-Carbon Lithium) was c$4B AUD, but in terms of Market Cap multiple it was circa 15-20 at the time, and quickly tripled.
Market cap here versus NPV is closer to 40-50 times (depending on ownership split over time), based on a rough calculation.

Proven resource, strong IRR (45%), strong NPV, tiny market cap vs. NPV, in demand resource... am I missing something?!

I'll be looking to buy more on any dips we see from here.
@T.E.P. - unsure if this one is on your radar, thought I'd throw you a tag to hear your thoughts.

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Should add I had previously researched the company & had it on a watchlist from a while back, but missed the recent action re. Scoping and PFS. Had my mind and capital fixated elsewhere.

After the read of the PFS this morning, I am confident this is a strong play in the near term. Cheers.

VR8 Price at posting: 7.2¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.8¢		Change 0.002(5.56%)		Mkt cap ! $21.37M

Open	High	Low	Value	Volume
3.6¢	3.8¢	3.6¢	$5.665K	152.3K

Buyers (Bids)

No.	Vol.	Price($)
2	71027	3.7¢

Sellers (Offers)

Price($)	Vol.	No.
3.8¢	106838	2

View Market Depth

No.	Vol.	Price($)
1	44000	0.037
1	90000	0.036
1	855000	0.035
1	50000	0.034
2	65152	0.033

Price($)	Vol.	No.
0.038	106838	2
0.039	120014	2
0.042	187867	1
0.050	100000	1
0.069	186104	2

Last trade - 16.10pm 13/09/2024 (20 minute delay)

VR8 (ASX) Chart

Ann: Steelpoortdrift PFS delivers superior results, page-37

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Vulcan appoints investment bank and M&A veteran to board

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Utah authorities sign off on Anson's lithium extraction plans at Green River

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Ann: Steelpoortdrift PFS delivers superior results, page-37

Top Stories

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Vulcan appoints investment bank and M&A veteran to board

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Utah authorities sign off on Anson's lithium extraction plans at Green River

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News