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Anybody that thinks JB is an asset to a company is blind, that...

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18/10/17

21:38

Post #: 28013094
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Originally posted by jas626 ↑

STTCOMP VEC, FA Long
MC 15 million
cash approx. 1 million
SP 1.2c
Target SP 3-5c

VEC is a gold explorer in the DRC, has Jason brewer as director ( known for AVZ, 4CE etc.)
he holds a very large interest in VEC holding a massive 250 million shares valued at $ 3 million dollars at 1.2c SP
he's a great deal maker and very well known in the DRC, given his massive stake in VEC he will want it to do well imo and find a great upcoming acquisition .

the directors have found some excellent drill ready targets on great tenants with renowned belts and visible gold from surface right next to one of the biggest gold producers around.

- currently drilling for gold underway and a possible company making acquisition in the works, if its something like 3 million oz as mentioned per announcment's, the market simply can not ignore this and multiplies of the current SP is likely imo.

- also the last 3 months the gold price has been pushing up well, if you put all of this together if all goes to plan it could be the perfect storm for VEC

growth thru acquisition and exploration

- "Several advanced gold projects under review and negotiation by Management"

- Increasing resources to +1Mozs at Maniema Gold Project

- Rapid development to early stage production

- Expansion of activities in the DRC

- Review, assess and negotiate additional gold project acquisitions and joint venture opportunities in the DRC

- Acquisitions of advanced projects with +3Mozs of resources

- Building Vector into a major gold exploration and production company in the DRC

Nearology
- NW edge of the Kibaran Belt

- Kibaran Belt and adjacent Tanzanian Craton host > 70Moz of gold rresources

- Many other established gold mines and significant projects

- Under explored and highly prospective with potential for discovery of world class deposits

- Extensive high grade stream sediments (+60g/t) at Namoya West Gold Prospect adjacent to Banro Corp. 1.9Moz Namoya mine ( almost 5x our project)

the lugushwa project to the north east of VEC's Kobotshome project has 4.3 (moz), compared to Kobotshome's 400K oz that's 10x VEC current gold reserve, so plenty of room to grow.

. VECTORRESOURCESLIMITED(ASX:VEC)-Ann:FurtherGoldDiscoveryatManiemaGoldProject,27851223,page-57|HotCopperForum

its such a good low risk play here imo, at 15 million MC its made up of the cash and the gold reserve of 421,000 oz @ 1.9/g with a top cut of 20/g and its highly prospective near surface gold tenants which nuggets have been confirmed.

so how will a 3 million oz acquisition factor into a 15 million MC, simply answer is it wont hence the massive upside here and the low risk downside given VEC current holdings. imo if we went into a trading halt and the 3 million acquisition was announced I would think the SP would open to at least 3c.

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Anybody that thinks JB is an asset to a company is blind, that is all I will say on the matter.
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