OTCPK:VDMRF - Post by User
Comment by
Sciencegeek1on Dec 02, 2020 7:52pm
144 Views
Post# 32023385
RE:$130/tonne iron
RE:$130/tonne ironThe future is bright for VONE and I am one of those investors who can wait for huge gains rather than a short term pop. That said, I do not see a buyout any time soon IMO. They will release their new drill results soon, which I expect to be inline with the excellent results found to date. They will then go through the process of revising their resource estimate and it is during this time they will start negotiating with a partner and likely to strike a deal for moving the project forward together (jointly). <br /> <br /> Remember this is a management team that includes people who have actually gone through the entire process of getting a mine up and producing. They are heavily invested themselves in the company (~25%) which is very rare. They believe in it. They know what they have. Iron ore spot price has been surprisingly resiliant. They are not going to give away this resource. If you were smart enough to buy this when people were giving it away for 4 or 5 cents not too long ago (wish I had accumulated more), you can enjoy the current position and watch it climb nicely by spring/summer 2021. I can wait for multiples :) GTLA