VKA 0.00% 0.8¢ viking mines limited

Currently Viking has a market cap of 5.9m with cash of 1.3m.in...

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    Currently Viking has a market cap of 5.9m with cash of 1.3m.
    in the asx mining sector there are only a handful of companies with market caps less than 10m.
    these are the possible outcomes that could re rate Viking 5 fold minimum

    1. Wins legal battle to regain akoase gold project outright given vendor has breached the contract
    does anyone know the value of the resource in 2020 terms ? Surely would be worth north of 15m.
    this would, re rate the company at least 4-5 fold
    2. Wins legal battle to receive outstanding monies for the remaining 5m aud for the contract and also receives another 3.5m for compensation of future royalties. Re rate at least 2 fold
    3. Acquires a project that they have been spruiking for at least 2 years Re rate dependent on terms and project ? If they win the legal battle in scenario 2 that allows them several more options with a bigger project

    at this stage, the likelihood of scenario 1 is probably less likely but possible. Scenario 2 is a 90% chance of happening just depends on the timing

    viking management only has unlimited potential in a sector that is truly hot at the moment and has a responsibility to take advantage of this for all of its shareholders which most importantly includes them as major shareholders




 
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