VTX 4.35% 24.0¢ vertex minerals limited

Just got in at these lows very recently - IMO "definitely flying...

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  1. 385 Posts.
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    Just got in at these lows very recently - IMO "definitely flying under the radar" as opposed to many other price stretched small cap stocks.

    What's not to like (as a longer term type investor):

    # Approx 7 million market cap (could quite easily be multiples of this when Hill End - Hargraves gets going & if gold stays at similar price or above).

    # Current plant & equipment close to infrastructure (albeit plant needs relocating & upgrading for increased production levels - will be interested in these estimates once provided). It appears there was significant capital initially invested in the project as intimated by the Independent Geologist Report (prospectus).

    # 257,000 oz's of existing gold & still plenty of potential for upgrades in existing goldfield's utilising modern exploration techniques).

    # Very experienced management & team !

    # Pride of Elvire - 10m @ 23.2g/t au from 17m, etc / interesting corridor for early stage exploration activities.

    # Taylors Rock - under explored, nickel sulphide & a few gold hits so far - close to Maggie Hays / Emily Ann mining in similar rock formations.

    Not worried about the reported pump - dump specialists (primarily always look at the share price growth potential) & the carryover PUA shareholders with small holdings (might provide further buying opportunities before tax time or they might choose to purchase more??). Hopefully the companies main focus is on getting this gold project up & going (and becoming cash flow positive) !
 
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Last
24.0¢
Change
0.010(4.35%)
Mkt cap ! $33.82M
Open High Low Value Volume
23.0¢ 24.0¢ 23.0¢ $171.1K 722.9K

Buyers (Bids)

No. Vol. Price($)
2 43468 23.5¢
 

Sellers (Offers)

Price($) Vol. No.
24.0¢ 28623 2
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Last trade - 15.52pm 01/11/2024 (20 minute delay) ?
VTX (ASX) Chart
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