GREY:VITFF - Post by User
Post by
phoenix_traderon Dec 27, 2021 1:32pm
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Post# 34264007
What drill results will do to VGCX.
What drill results will do to VGCX.Is aptly illustrated in this SA article on Kinross today. Great Bear Resources was acquired pre-resource, so I have erred on the side of caution with all of my estimates regarding potential reserve base, processed grade, and net present value. There is certainly the potential that these figures will beat my early estimates by the time we see a Feasibility Study, likely by H2 2025. This is especially true given that we are only looking at a snapshot in time based on ~300,000 meters drilled, with likely over 900,000 million meters drilled and the possibility of new zones defined by 2025. Finally, I have used a ~$1.45 billion purchase price throughout the article because I see a very high probability for all of the contingent boxes to be checked for the additional contingent paym