Well, I'm glad that my original post on 2/1/19 has brought out some interesting discussions! This forum was bereft of comments for quite a few days prior to this.
And I still remain "optimistic" that Volt will achieve its business plan and become a mining company in the future! That is not stating in any way that it is a "done deal" or a "mere formality".
Volt is still a high risk, spec stock, but it is just 1 signature away from being able to raise the funds needed for developing their stage 1 mine! It is waiting for approval from the Tanzanian CMSA. Hopefully this signature is gained soon. Then the fundraising process can begin. I am "optimistic" that the funds can be raised and that mining will begin this year!
Volt investors know the risks, but the upside comes if the company does become a Graphite miner. With an unprecedented future demand for Graphite, several companies already on the books willing to buy Volt's Graphite ore, a low establishment cost for stage 1 mine development, a 1.4 year capital cost pay back after full production is achieved, and only 6% of the huge tenements having been explored, there is the "potential" for a huge upside for the stock. That is what the shareholders are "optimistic" about!!!
The upside for the sp, is that the Market "may" value Volt in the future with a market cap in the order of "perhaps" $120m to $150m or a sp in the range of 8c to 10c! That is why shareholders are holding the stock, aiming for a rise in the company's sp!! They haven't bought the shares just to be invited to the AGM!!! In fact, if Volt does become a mid-tier Graphite miner, or even one of the top 3 Graphite mining companies in the world, which they have previously stated that they are aiming for, then the Market may well value Volt with a high market cap and a sp above 10c??
The risks are there, but the rewards could be great! Good luck to all shareholders and I hope that some more positive news is released by the company soon!
Volt's Tenements!
(DYOR, my opinions only, determine your own exposure to risk, this is not an attempt to up-ramp Volt!
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