Hi tothemoonhave posted this before; this map is from Vector...

Hi tothemoon

have posted this before; this map is from Vector Resources (VEC, listing expected Mon 10 Dec) prospectus. VEC's sole assets are the Nabberu basin iron ore tenements shown in the map.

GXY's Shoemaker prospect is clearly seen south of VEC's tenements, with >60% Fe drilling results in/around the area. Shoemaker tenement total area exceeds all of VEC's tenements.

VEC was oversubscribed, issued at .20 for 60m shares, so if there is no premium (which I strongly doubt - in fact expect a very good listing for VEC) on listing, VEC mkt cap would be $12m. Compare to current mkt cap of around $32m for 39m shares currently on issue for GXY - and this capitalisation is for all of GXY's projects.

I'm keeping an eye on VEC's expected debut on Monday.



cheers
Marny