VAU vault minerals limited
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Todays dump offers excellent value in my view.6.812 billion...

  1. Samscout
    1,077 Posts.
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    25/06/24
    13:56
    Post #: 74479386
    Todays dump offers excellent value in my view.

    6.812 billion shares on issues less the 412 million from SLR gives a net 6.4 billion shares. At $0.38 I get a market cap of $2.4 billion.

    Combined cash & inventories should be around $400 million by the end of the quarter leaving an EV of around $2 billion.

    Combined reserves are now 4 million, giving a reserve value of just $500 an ounce when margins are closer to $1500 an ounce.

    Add in resources of 12 million ounces plus 4 plants for free.

    https://hotcopper.com.au/data/attachments/6269/6269981-67249098e3a09cc9895fbdf98dc28ffb.jpg

    Question is was today's dump anything to do a material change of ownership at Spartan?

    I note the chair SPR Rowan Johnston used to work at Integra before it was taken over by Luke Tonkin at SLR.

    Note sure if there is a link, but the today's dump seems very strange in what is an otherwise pretty quiet gold market.

    GLTA/IMHO

    RED Price at posting: 38.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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40.3¢ 		Change
-0.003(0.62%) 		Mkt cap ! $2.737B
Open High Low Value Volume
41.0¢ 41.0¢ 40.0¢ $4.966M 12.30M

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No. Vol. Price($)
78 3004591 40.0¢
 

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Price($) Vol. No.
40.5¢ 3251441 88
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Last trade - 15.47pm 04/07/2025 (20 minute delay) ?
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