Vendetta Undervalued by Marketplace ?Reference Comments by Michael Swanson April 18, 2022
https://clicks.aweber.com/y/ct/?l=Maw0A&m=3Z4mQqMh.5pNQ7z&b=sCt.1yEVAItpIscjqtO04g Some Extracted Key Points:
- Vendetta Mining company, in Queensland Australia, is developing the Pegmont lead-zinc resource and recently completed an updated resource estimate indicating close to 10 million tonnes of open pit resource with additional near surface underground zones and it owns 100% of it.
- A strategic institutional investor, Singapore J&Y Investment PTE. Ltd. (“J&Y”), has just bought 19.89% of all outstanding shares in two tranches in a private placement financing with the company for over $4.7 million. Singapore J&Y Investment operates in the mining and financial sectors, partnering with companies to build strong, successful, innovative and sustainable businesses that strive to produce superior returns to all stakeholders.
- J&Y recently bought the bulk of its shares in the second tranche of the private placement at $0.0825 a share which is higher than Vendetta’s current trading price.
In 2019 Vendetta did an independent PEA considerably below the current metals prices which demonstrated that the Pegmont property can be mined profitably and included, amongst various parameters:
- Pre-production Capital of $170M and Life of mine sustaining capital of $59M
- After Tax NPV (8%) $124M and IRR 24%
- Life of mine AISC of $0.71 per lb Lead in concentrate (after credits) and significant potential to increase mine life and production rate.
Peace,
Good Decision-making to All,
ElJ