ASA Gold and Precious Metals Ltd C.ASA

Primary Symbol: ASA

ASA Gold and Precious Metals Limited is a non-diversified, closed-end investment company. The Company's investment objective is long-term capital appreciation primarily through investing in companies engaged in the exploration for, development of projects or mining of precious metals and minerals. The Company invests approximately 80% of its total assets in common shares or securities convertible into common shares of companies engaged, directly or indirectly, in the exploration, mining or processing of gold, silver, platinum, diamonds or other precious minerals; held as bullion or other direct forms of gold, silver, platinum or other precious minerals; in instruments representing interests in gold, silver, platinum or other precious minerals, and/or in securities of investment companies, including exchange traded funds, or other securities. The Company’s investment adviser is Merk Investments LLC.

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ASA Gold and Precious Metals Ltd

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Post by SaltyJimon Apr 16, 2020 8:39am

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Post# 30915411

Perspective

Get some perspective on valuation posibilities for VLNS.

JWEL (Jamieson Wellness "vitamins") trades on TSX.

Trading over 1 billion market cap with 80M+ expected in ebitda. (VLNS has 324M MKT CAP).

VLNS could conceiveably hit 80M in ebitda this year; and with a high probability it will do so in 2021. It is likely that VLNS in 2 years will dwarf JWEL in ebitda.

So whether a triple is possible is irrelevant, but what is important here is to highlight a strong buy at $2.30.

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Changing Europe’s dependency on HREE from China