RE:RE:Volume starting to buildBean_and_Dunn wrote: I put a bid in for 20,000 today at $1.85. I was only filled for 12,500.
In the video Jones says that West Vault is trading at .2 times Net Asset Value.
This copmpares with .5 or .6 with other companies.
We have all been waiting for this announcement.
They talk about putting the mine into production at $2,000 to $2,200 per ounce
for gold prices. They are still not in any hurry to mine this little nugget.
Is there substantial evidence that gold prices are going to that level?
As long as WVM has that permit they can begin the build out at any time! Within
a year cash could be coming in. They talk of a 92% return at a gold price of US$1,800.
Roughly a billion dollars!
Pleasant Dreams tonight.
B&D
I think we see 2200 gold by early next year:) I also think this one gets sold. The important part as you mentioned is current valuation which I think won't be this low for much longer. Jones mentioned he wouldn't want to dilute at these low levels. Market is slow on this one but it will wake up. I bet we trade at .6 npv by the end of the year if not earlier.