Velocity Minerals Ltd V.VLC

Alternate Symbol(s): VLCJF

Metals & Mining Gold

Velocity Minerals Ltd. (Velocity) is a Canada-based precious metals and copper explorer focused on Eastern Europe. The Company is in the business of acquiring, exploring, and evaluating mineral resource properties in Bulgaria. In Bulgaria, the Company has a 70% interest in the Tintyava property, which includes the prefeasibility-stage Rozino deposit. The Company also has a 70% interest in the Momchil property (which includes the Obichnik project), a 70% interest in the Nadezhda property (which includes the Makedontsi project), and a 70% interest in the Dangovo property (which is contiguous with the Makedontsi project). The Company holds a 100% interest in the Iglika copper-gold exploration property. The Company has also entered into agreements to acquire a 75% interest in the Zlatusha copper-gold exploration property. The Rozino project is situated within the in southeast Bulgaria's Ivaylovgrad municipality.

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Velocity Minerals Ltd

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Post by JenoB65on Mar 12, 2021 1:17pm

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Post# 32786350

Under priced?

If the Rozino development has a NPV of $123,000,000. at $1500 US an ounce, & we are fully diluted at 182,782,627 shares. Share price seems low at $0.46 Canadian.

Unless my math is wrong, shouldn't we be closer to 0.67 US?
I struggle understanding why share price is so low.
Can anyone shed light on the low share price. Should we not expect a higher share price than $0.46 Can?

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