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Vulcan Minerals Inc V.VUL

Alternate Symbol(s):  VULMF

Metals & Mining Industrial Metals & Minerals
Vulcan Minerals Inc. is a Canada-based precious and base metals exploration company, which is engaged in mineral exploration on properties in Newfoundland and Labrador. Its projects include Colchester, Gander Belt Gold, Red Cross Lake, South Voisey’s Bay, Carbonear and Atlas Salt. The Colchester Copper Gold Project is in north-central Newfoundland. The Gander Belt Gold Project extends approximately 100 kilometers from the north coast of Newfoundland to the south-central part of the island. The Red Cross Lake project is located in central Newfoundland and comprises 102 claims approximately 2,550 hectares. Its South Voisey’s Bay nickel-copper-cobalt project located in Labrador. The Project comprises three licenses containing a total of 30 claims. It also holds an interest in Atlas Salt Inc., which is carrying out a feasibility analysis on its Great Atlantic salt deposit in western Newfoundland, strategically located in the robust road de-icing market of eastern North America.


TSXV:VUL - Post by User

Vulcan Minerals Inc > A Valuation View
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Post by Copperking102on Feb 26, 2022 12:33pm
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Post# 34464444

A Valuation View

A Valuation ViewOn SALT, from another board. Take it for what its worth:

 I have been watching this company for a while now, and as I have experience with valuations I have played around with some NPV scenarios to model possible buyout prices. Assuming -6 million tons annually production - Profit of $40 per tonne of sale - a 3% royalty on sales paid to $VUL - No cash flows in first 2 years as mine is constructed -25% effective tax rate - $125M in capex to build the Mine - 30 year investment horizon - 8% required rate of return by an acquirer A buyout of $1.47B CAD would be result in a positive NPV and be acceptable to an acquirer. Which translates to around $15 per share. A completed bankable FS would lay out many of these assumptions and confirm such a valuation.
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