Copper Price vs Gold PriceIt`s not clear what is happening with getting the land change / permit for the copper property. It is taking forever.
Also, the copper price has now fallen to US $2.05 per lb. The oil price has fallen from $100 to $32 - that helps to compensate a bit, but not entirely.
The copper price will likely continue to be low during 2016 due to severe global economic slowdown / recession / depression.
The gold price is on the rebound and will likely continue to move up in 2016 and for several years into the future (even if it gets manipulated back down temporarily). The Canadian dollar gold price is $1,552 (only about $300 from its all time high).
VVC`s main project is the copper project, but it also has 2 interesting gold projects.
If VVC is not granted the land change / permit for the copper project soon (we have been waiting for years now) I would like to see VCC`s management begin focusing on 1 of the 2 gold projects.
Both gold projects have potential for pilot mining, similar to the copper project, but maybe not yet as advanced as the copper asset.
For example, at Cumeral, at first, they can focus on the known ore zones (mined in the past by small artisanal miners). They can continue drilling to establish an initial 200,000 ounces then put in a pilot mine (assuming they can get similar type funding to what they got with the copper start up situation) to begin generating revenues near-term or mid-term. If successful, they could drill further, using cash flow, to try to establish multi-million ounces and a long-term mining operation.