Vulcan Minerals Inc V.VUL

Alternate Symbol(s): VULMF

Metals & Mining Industrial Metals & Minerals

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.

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Vulcan Minerals Inc > A stupid question

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Comment by Copperking102on Aug 15, 2022 6:30am

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Post# 34895869

RE:RE:RE:RE:A stupid question

I agree with the diluted share count, but my math runs like this: $24k is the dollars I have to invest. I could buy 6k shares of SALT, ($.4.00) OR 48k of VUL, ($.50).
Buyout happens @$10.00 as an example.
VUL is holding 32 million shares, fully diluted, thus their payday is worth $320 million, or $2.00+ per share.
My 6k shares of SALT are worth $60k or my 48k shares of VUL are worth $96k. This assumes the shares in VUL reflect the full cash value of the transaction. Markets like cash!!!

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