PINL:VLTAF - Post by User
Comment by
ALLEN4on Apr 15, 2013 1:21pm
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Post# 21255536
RE: RE: RE: Red everywhere
RE: RE: RE: Red everywhere Remember our PFS was based on POG of $1375. Regardless of the POG the management has been and will continue to create value. We acquired Kiaka when POG was just crossing over $1,000 an ounce. Share price of VTR was 22 cents. Since then POG has gone way up, and its still up from $1,000 last time I looked. In addition, we are miles down the road in developing Kiaka toward production. We are worth way more than 28 cents by any measure. It is true that we are highly leveraged to the price of gold, but in my books, that should mean that, today instead of being worth $3.50 we might be worth only $3.00. Today, that is. You can also consider that in essence VTR shares are an unending option on the price of gold due to our significant leverage. I remain bullish on the POG and the reasons to be bullish remain and the reasons for recent decline are questionable at the least. Way too soon to declare the end to gold as a viable investing asset and way too soon to declare the end for Volta. This is not the end of our story by any stretch of the imagination.