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ozziesap

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28/11/20

22:08

Post #: 49214388
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Originally posted by GoldBugBob: ↑

VRX

Got around to reading the presentation and the numbers on this are fantastic.
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02314965-6A1009558?access_token=83ff96335c2d45a094df02a206a39ff4

- $104M market cap, $9.3M cash and debt free.
- VRX own 100% of all 3 deposits
- NPV $728M with initial financing $28M

This has to be one of the most appealing BFS summaries I have read. They'll have no issue raising the capex. It's likely they'll announce offtake shortly then use that as the basis to raise debt funding.

All approvals in place, production scheduled for next year. Should be a walk in the park from here.

Even if it got to 50% of NPV that gives 80c a share.

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Glad you got onto VRX @GoldBugBob

VRX has been very generous to me since my entry at 9.9c and will continue to do so for another 25+ years atleast...dividend paying potential this, good luck - all imho!!!
2 Upvote

0 Great analysis

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