VAR 42.9% 1.0¢ variscan mines limited

Ann: Trading Halt, page-40

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  1. 7,486 Posts.
    lightbulb Created with Sketch. 515
    One definitely for "da boyz" . Pirates haha
    Might stay capped a few days to "validate" the low CR price but I wouldn't be too picky if u want to play.
    Implies abt 20 mill market cap with about 6 mill in cash for what the boss described as a "Reocin twin" (62 mill tonnes at 9 pct grade before closure in 2003 when Zn was about a quarter of current price)???

    Feeling real lucky here. With the intense exploration effort planned, two recent sets of spectacular drill results in hand and another set of 30 due showing visible zinc. I would be surprised if we don't see x5 next 12 months.

    Major pirates hahaha. I'm going to love this play

    OWEP
 
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