I went through the FA part of this company. Looks decent however the IPO valuation looked little over hyped. It could come down towards 60-70c which I think will be fair value given the stage they are at, the risk of mining approval in VIC, Capex requirement and overall macro environment for juniors to raise large capex amount. Will be watching closely for now. Feel for those who participated in IPO. It should be a solid long termer once few hurdles are crossed. Good luck everyone.
VHM Price at posting:
97.0¢ Sentiment: None Disclosure: Not Held
