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