PINL:VLTAF - Post by User
Comment by
mrcashflowon Dec 22, 2010 11:20pm
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Post# 17886548
RE: V.VTR - Overpriced bigtime
RE: V.VTR - Overpriced bigtime That may be true, but then again a stock is only worth what a buyer is willing to pay. Given the fundementals of Volta, it currently trades at a discount to its peers. Volta currently has a NI 43-101-compliant resource estimate of 1.9 million oz. of gold for Kiaka. By mid 2011 they should have competed drilling and announced additional reserves which will then be added to the current resource. The market cap of Volta sits just slightly over 300 million dollars. That values the confirmed gold sitting in the ground TODAY at around $150 an ounce. Currently Volta is drilling 50,000 meters of addittional holes to add to their resource, and given the track record of this management team I would not bet against them. If you think gold will trade under $150 over the next few years than yes VTR is over priced. This is not rocket science, it's fact.
May future endeavors bring riches beyond your wildest dreams
MrCashflow