VRE view resources ltd
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debt reduction, page-2

  1. Adzman1
    342 Posts.
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    08/01/08
    10:32
    Post #: 3219550
    About $14 per ounce based on $15M debt @ 11% interest ($1.65M). Divide saved interest of $1.65M into 120,000 oz and you get approx $14.

    I could be wrong.

    More importantly, it improves balance sheet and allows for further exploration.
    VRE Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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