Happy New Year, page-30

Well put together Bruce13.

VRC forecast price to earning ratio also places the current market capital valuation at a huge discount, and in my opinion it's bargain. Combined with supply and demand for graphite in multiple markets it's almost a perfect storm for graphite.

The world is edging into the largest transformation changes in transport in the last 100 years, coupled with energy storage, the new wonder material graphene and expandable fire proofing uses in building, VRC is exposed to multiple markets, therefore earnings.

This is what intelligent investors have analysed and why the capital for stage 1 and 2 will move forward, they understand that risks actually become less with multiple earning streams and growing demand. End uses will look for long term supply, as highlighted by Bruce13, VRC has only explored 6% of there potential reserves, therefore 8 - 10 cents post capital raising giving the future earnings is still a bargain in my valuation analysis.