RE:Happy New YearI managed to pick up 300,000 shares of VQA this week. It was not easy as it is thinly traded and my buying was driving up the price, apologies to those trying to bottom fish on this one. I wish I had heard about this company before the PP had closed, as I might have been able to accumulate double this amount of shares at 7 cents instead of the 8 1/2 cents I was forced to payup for.
I really like the fact that they will become a gold producer in 2021 and that they are in a very good mining jurisdiction like Brazil rather than a bad one like Argentina or Ecuador. How high it goes will depend on how well they execute on the 1,000 oz/month production goal and also on how high their profit margin is per oz.
Anyone have a feel for what the cash costs per oz are expected to be ? Will it be in the lowest quartile ?