High risk high reward, page-10

I understand why you are waiting for 0.7 cents/share but realistically I don't think it will get within 0.3 cents of it.
"issue 357,142,857 fully paid ordinary shares in the capital of VIC, at a deemed issue price of $0.007 per VIC share;"

Currently the undiluted number of shares on issue is approx 850 million.
Upon settlement of the new tenements there will be 1.2 billion shares on issue.
With the current market cap, assuming no further news, still being 11 million, this works out to be 0.9 cents a share.
This calc ignores the dilution of performance shares and options.

Now when you factor in the tremendous potential of the new tenements: Husky, Malamute, Galah Well and Peperill Hill it is difficult to see this going below 1 cent. This was tested recently and bounced back from 1.1 cents as recently as 21st Dec.

If there is any news then all you have to do is look towards VIC's neighbours for the possible rerate (SGQ, CLQ, PGM or AUZ)