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Vulcan Minerals Inc V.VUL

Alternate Symbol(s):  VULMF

Vulcan Minerals Inc. is a Canada-based precious and base metals exploration company, which is engaged in mineral exploration on properties in Newfoundland and Labrador. Its projects include Colchester, Gander Belt Gold, Red Cross Lake, South Voisey’s Bay, Carbonear and Atlas Salt. The Colchester Copper Gold Project is in north-central Newfoundland. The Gander Belt Gold Project extends approximately 100 kilometers from the north coast of Newfoundland to the south-central part of the island. The Red Cross Lake project is located in central Newfoundland and comprises 102 claims approximately 2,550 hectares. Its South Voisey’s Bay nickel-copper-cobalt project located in Labrador. The Project comprises three licenses containing a total of 30 claims. It also holds an interest in Atlas Salt Inc., which is carrying out a feasibility analysis on its Great Atlantic salt deposit in western Newfoundland, strategically located in the robust road de-icing market of eastern North America.


TSXV:VUL - Post by User

Comment by Copperking102on Jul 28, 2022 8:14pm
247 Views
Post# 34858728

RE:DECIMAL

RE:DECIMALSoon, buddy, soon. Don't sweat the pennies!! Patrick has this ship sailing right on course. Figure it this way: Salt has 95 million shares out, fully diluted. If the buyout comes in @ $10 bucks, US, thats 950 million. Our holdings of 33.6% gives VUL $319 million or about$2.00 a share fully diluted. That's just for the SALT deal, doesn't give any credit for cash, properties,spinout etc.
Keep in mind, many think the $10 per share is low. I happen to think its a good starting point, and if there are multiple hungry buyers....who knows!!!
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