VMC
Shares on issue -151 million
Market Cap- 22.6 million
Cash and investments-6 million
I think VMC is good takeover target as it current has:
- 30% stake in the Youanmi gold project (3.2Moz of gold) with a scoping study to be released soon.
- Currently drilling at the Henderson Lithium Project with some exciting lithium grades in sampling and close to RDT lithium discovery.
- World class vanadium resource (indicated and inferred resource of 134.73 mt grading 0.34% V205, 6.27% TiO2 and 21.33% Fe).
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