and a strip ratio of 10+ to get it out of the ground.
Steeply dipping thin zone is not ideal for economics.
Also there are 50M shares (around 15M escrowed), so MC of $27.5M tonight + some cheap options.
It was compelling investment in the 30s but in the 50s and 60s there are other stocks with similar risk/reward profiles that it needs to compete against. So more news, news, news to allow us to understand what they have.
Disclosure: I bought in low 30s on ann day and sold in high 40s a few days later. Gotta leave something for the next person!
VRX Price at posting:
46.8¢ Sentiment: Hold Disclosure: Not Held
