Clearly some commentators have not held stocks that transition from blue sky explorers into production/mining. There is a lot more speculation when things are in the blue sky phase and every positive announcement causes brief upward spikes. In the next phase it is a more stable valuation based on facts, such as real cost of production vs sales. i.e. net profit. VXL is in transition, and every day VXL progresses solidly towards the latter phase. Uneventful progress to name-plate production ASAP, coupled with evidence of matching sales contacts and profitable production will see a slow but inevitable increase in SP. That may be have a few exciting moments along the way, such as say a positive broker evaluation, but it will never again see the heady speculation last year in the grip of a day trader fueled global graphite spec boom that couldn't be sustained. VXL is now a miner/manufacturer and subject the the same scrutiny on rates of return as others in that market that investors look at. It is very unfair to contrast the current SP with an artificial peak value last year during speculative fervor. We probably could use a solid Pattersons update to inform the market of likely future value based on current plant and reserves, with the extra value that may be added by future expansions. But there are still intangibles, such as the temporary limit on max depth of pits due to groundwater concerns, and how that will (significantly) alter reserves and cost -effectiveness of pit development if those limits are maintained/lifted through time. Might need a crystal ball to forecast that at present.
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