RE: RE: Volta stuck in the mud "All gold shares on my list are up except VTR. Maybe market waiting for PFS to come out"
By the look of sp keep falling, the market is betting against a positive PFS then? I wonder whether VTR can still build a mine (2015) and make money off it if POG is $1500/oz?
VTR basically is back to beginning of 2010 when it was traded at $.75 - $.80 before big moves up. At that time, there was not even a 43-101 resource at Kiaka. That means all the work done to report/update resources at Kiaka in June 2010 (2 mil oz), July 2011 (3 mil oz) and March 2012 (5 mil oz) are worth nothing since the market is thinking VTR cannot mine these resources out of the ground .... while the POG has moved from $800 to $1600s an oz over that time... wow, mind boggling... funny how market perceives a company over time.
All figures and timeline are approximate by the way....
GLTA
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well you think VTR is bad go have a look at KGN.. they are pretty well trading for 1 share for every dollar they have in the bank... and gold is the ground is zero value.. this with 200 mill cash in the bank.. now that is mind boggling?? KGN was trading at 9.50 then went in 1/2 when the PFS came out.. same thing happened to ORE... it looks like VTR cut in 1/2 before the PFS ?