VAN 0.00% 4.7¢ vango mining limited

smile when you make money, page-4

  1. 267 Posts.

    Strange post David

    Even though this stock has killed me I averaged down yesterday to 3 cents. Did a little comparison with Abu and tam market caps vs reserves and I think if we can get some nice results then buying at this price is a gift.

    This is only wild speculation but if we can increase our reserves by 10 times to 550 000 ounces we will have the same as avu which has a mc of 170 or about 20 times what ours is.

    For what it's worth abu seems heavily overbought compared to tam which has 3 million ounces and a mc of only 230.

    Here's hoping but the rewards far outweigh the risks at these prices.
 
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