re my thoughtsVery good post nice summary marketsence
As we wait for the remaining assays ,here is my interpretation on the hard numbers of what VSR is worth per share ( 55 million fully diluted )
25% of 3.2 million ounces = 800000 ounces in the ground. We know IMG is paying $103.50 cdn per ounce in the ground ( Monarch aquisition) That equals 82.8 million dollars or $ 1.50 cdn / share
It should be noted that I feel Nelligan is a much better asset and should be worth more than that in the ground but I will work with that bottom line number.
NSR 's = $0.25cdn/share
Cash value = $ 0.11/cdn/share
Tax pool value = $0.12 cdn/ share
Addional properties (unexplored) = $.05cdn/share
The absolute basic value is $2.03 cdn / share !!!
Now add the value of adding more reserves - WIDE WIDE OPEN ! I think it is safe to say that we will add another 300000 ounces our share ( That is my low number) and you have another $0.60cdn/share minimum as I fully expect IMG to carry us through another extensive summer drilling program asap. I should note that given the current assay results ( hole 155 and offset to follow ) and the 15+ holes not included in the 43-101 report, my number is very conservative!
MY total value = $2.63+ cdn / share
Everyone should realize the value here! It is only going to get better .The longer we wait the better it gets . Have patience .I know that is difficult along with IMG's progress but our future looks great! Looking forward to adding more ounces with the next assays.