PINL:VLTAF - Post by User
Comment by
jdn55on Feb 17, 2012 7:10pm
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Post# 19552577
RE: RE: Why is this trading this low?
RE: RE: Why is this trading this low? Well BP, that was one of the better posts I've read from you in a long time. Maybe you do get it re: overall market conditions afterall. For the record hype moved AGG to $3 when they 1st listed. Also for the record, for the 30th frickin time, I'M NOT SLEEPYDOGGIE NOR WAS I EVER SLEEPYDOGGIE. I can't believe how dense you can be on that. I'll buy you a bottle or whatever your bet was just to shut you the frick up on that score.
T2, The overall resource here is north of 4MM oz with plenty of blue sky, especially after this weeks news. That was really the catalyst to get me off the fence. It's basically another undervalued junior like 90+% of all juniors. I haven't had a chance to get into in depth DD with VTR but I did check out what they have on metallurgy and there are sulphides present which will effect deposit economics on a low grade deposit. The high grade discovery zone could impact this significantly though. Complicated metallurgy is a potential issue with KGN as well. That's one of the beauties with AGG is they're getting 90+% recoveries on gravity separation only. No heap leach or flotation circuits, just gravity. That's what makes Kobada so special. Anyhow the only other issue might be country risk but I'd sooner be in Burkino Faso than Congo or Zimbabwe.
I think the only thing that's going to get this junior market moving is more merger and acquisition activity........a lot of it. It astounds me how little activity there is, especially given how many bargains there are out there.
GLTA