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...…
I did get the calculator out & it was scary good
Muchea, the company maker., page-60
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