PINL:VLTAF - Post by User
Comment by
ALLEN4on Aug 06, 2013 5:52pm
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Post# 21652602
RE:RE:Unloved to the Power of 3
RE:RE:Unloved to the Power of 3
I think they are comparable, but EDV is just further along in its evolution. VTR is projected to have similar production of ounces from Kiaka alone, as set out in PFS. Obvioiusly there is a big difference between a company having productive mines and a company which has none. I assume that is why, EDV has a market cap of more than ten times ours (270 million vs. less than 20 million). Both companies operate in West Africa. Both have good management. I happen to believe that we have a future with production at Kiaka and potentially other mines, so at some point I expect our company to be similar to EDV. Clearly it is not there yet. So to be clear I am comparing VTR's future to EDV as it currently exists. As for not being economical at $1300.00 per ounce of gold, not many miners are, (Randgold is a notable exception) so that does not worry me.