VRE
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0.00% 2.0¢ view resources ltd

good buying today

  1. roboshan
    2,447 Posts.
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    05/10/07
    17:07
    Post #: 2868173
    Plenty of buyers out there for VRE in the mid 20s. Some people are happy to take a punt on Bronzewing's production capabilities.

    1st quarter report out soon will report production has now reached steady state and WILL meet budget of 30,000 oz for the 2nd quarter and a heathy positive cash flow position.

    For every $10 the gold price rises add $1.2 million pa to the bottom line. Gold price seems to have established a solid support level around US$730 and A$830. US$800 plus on next global event - be it economic or geopolitical - would you think?
    VRE Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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