Voltalia Ord Shs VLTAF

RE: RE: RE: Scotia

[ALLEN4]

That is why the market is having a hard time pricing this one.  We are either going to have a mine or not.  If there is never going to be a mine at Kiaka and this is all a pipe dream based on faulty assumptions and a POG that is not going to last, then Kiaka is worth nothing (although I would argue that Volta Resources even before they landed Kiaka was worth $1.40), but if Kiaka is not going to be a mine then we are back to being just an exploration company (but a very good one) and the market can base its pricing on that.  But if Kiaka does surmount all of the obstacles to becoming a mine and the assumptions in the PFS are accurate then the value of Kiaka alone has to be north of $10.00.   So the market is faced with a binery situation, black or white, and the market is pricing us at some kind of shade of grade.    Am I right?  If we have an efficient mine at Kiaka, then share price would be north of $10.00, and if not, the market has absolutely no interest.  So at 80 cents, the market is giving us less than one in ten odds of building a mine, and assuming no value for the rest of the company.