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FORRESTER METALS INC V.VEM

"Forrester Metals Inc is engaged in mineral exploration and evaluation in Peru."


TSXV:VEM - Post by User

Bullboard Posts
Post by going-onon Jan 18, 2012 4:44pm
379 Views
Post# 19419057

Undervalued

Undervalued

Have a look at Vena. This Company seems to be massively undervalued. The market is pricing the 35 million uranium with zero! Vena want to go into production (zinc) in few days. But Vena has more to offer: lead, copper, coal, gold and silver and a quantity of uranium.

In the German Vena Forum the User Schakal postet a peer group comparison. Here the translated version with Google:

"In this context, a recent peer-group comparison of a presentation by one of today link uranium explorer

The MCap / lbs fluctuates between $ 0.45 and $ 12.13. Assuming the lower end (0.50 $ / lb uranium) that would be at least 35 million pounds $ 17.5 million - the total MCap of VENA is currently ~ $ 23 million, of which alone Azulcocha min. Value is $ 18 million, which represent the re-acquisition costs for the mine, etc., the remainder is the current working capital of VEM

Let alone get out of it for what values??, if you take the high values ??as the basis ..."

Have a look at the Picture: https://s7.directupload.net/images/120117/v4phats9.jpg

 

 

https://www.wallstreet-online.de/diskussion/1067334-7251-7260/vena-resources-welch-glaenzende-aussichten

 

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