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 DeputyDawgon Aug 15, 2022 6:59am

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Post# 34895880

RE:RE:RE:RE:RE:A stupid question

Apologise if I am wrong but don't Vulcan own 28,891,000 shares in Atlas? Take that and tweek your figures to $3.71 and 52c which are the current prices now and the calculation is much closer.

My thought is you rely on the full proceeds to Vulcan being reflected in their share price if you sell or waiting for a special dividend for part of their cash mountain whilst the rest is invested in projects I have no interest in.

There is also the different tax treatment between a sale of shares and a dividend.

Each to their own on this one.

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