Vimy has always come with approvals risk. That's why you get a large resource in WA plus exploration upside in alligator River for a market cap of only $120 million.
Management speaks confidently about the approvals but we won't know for sure until they happen. Once that uncertainty passes there will be a big re-rating.
Vimy investors have taken on that risk because of the potential rewards.
We are now approaching crunch time.
VMY Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
