VXR
A bit of buying on Friday:
View attachment 239307
Definitely flying under the radar and should move hard in the short term (imo):
Notes/catalysts:
- $17m market cap (at 0.007c)
- ~$5m cash
- Just raised $4m at 0.006c to fund an agressive drilling program
- Drilling commenced on its Zinc-Copper Whim Creek project
- Receives ~$1.6m income per annum (until 30/06/18) from its heap leach operation which will most likely be renegotiated and extended further past that date
- Research report from July put a 3c or $60m valuation on VXR
- Currently drilling its Whim Creek Zinc-copper project
- Spent 6 years and $60m assembling the current copper-zinc asset portfolio
- Recently signed a Lithium MoU for exploration on its grounds by Canadian MacArthur Minerals, with no cost to VXR, only upside
- Zinc flying at the moment and VXR has massive JORC resources
- Great register and backing of the company (top 20 held 76% prior to recent CR)
- Northern Star Resources (NST) are a major holder and have just put in a further $750k of cash into the company via the recent CR (they're no fools you'd think)
- Directors have plenty of skin in the game and have just put in another $296k of their own cash via the recent CR
Just a quick overview and I'm sure I've missed a lot more positive information/catalysts.
Cheers,
GB.
