GREY:VITFF - Post by User
Comment by
Human7on Apr 29, 2021 4:52pm
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Post# 33095661
RE:Future Of Reality - AISC
RE:Future Of Reality - AISC When you look at industry peers the stock price is not trading at a high NAV multiple.
The AISC is not high by industry standards. Raven does not need to come through in a way to lower it, though it would be nice if that happens. We'll see.
Going deeper at Eagle, plus likely good drill results from Raven with a resource estimate can only be seen as having a positive effect on the stock price this year.
They just paid down another $20 million in debt in January with the goal to be below $100 million by year's end. This while building new facilities and a running a good sized drilling campaign this year. And talking dividends. And making operations adjustments to increase to 250K oz/yr by 2023 from 2021 upper guidance of 200 K-- a huge bump in profit.
This company is trying to be ready to go it alone or make it very expensive for someone to take them out. Someone mentioned recently that they were #2 on some published list of companies ripe for acquisition.
Either way, I think shareholders are going to win, notwithstanding some macro market/economic meltdown that may sink all boats this year... and through it all Victoria should still be making money and bounce back. In Canada.