PINL:VLTAF - Post by User
Comment by
eebleron Jan 24, 2013 3:54pm
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Post# 20886495
RE: RE: RE: stock is down after the news release..
RE: RE: RE: stock is down after the news release.. Correct...replace "value" with "price". As you say, the trading that is occuring is not taking into consideration the inherent value. My comment had solely to do with the share price. It is trading on $20/oz for just the indicated in higher grade "lens" material. That is ridiculously low. Even low-ball transactions are happening north of $125/oz and with the switch to a mentality of processing higher-grade in the early years, the payback should be alot faster. Lots of mines making good money at grades lower than Kiaka would produce...just a matter of getting there.