Most companies usually wont pay dividends until all their mines are in steady state production?
According to VRX & Argonaut assumptions below that will be some time after 2025. VRX will have a Top shelf collection of Mines and tenements VRX by then.... so hopefully the sp will be a lot more than $2.50
Table 2. Argonaut model assumptions Source: VRX Table 3. Arrowsmith N A.Sth Muchae VRX Mine Life 25 Yrs 7 Yrs 26 Yrs Start Construction 2020 2023 2024 Ramp up at 1Mtpa 2021-2023 2024 2025 Steady State Production 2024-2046 2025-2029 2026-2050
But then it should be good divs for 25yr + jolly good retirement
IMO the very worst thing would be a TO now - no normal premium on our current vwap would do justice to our long term value & dividend prospects...…
