RE:RE:RE:It seems like...Well Whateverrr, have you ever seen a junior miner start up that didn't go over budget building a mine? Atleast they didn't go bankrupt!
Let's roll ahead to 2022-2023 and what do you think it would cost to build this same mine today with today's high inflation, soaring fuel costs, significantly increased interest rates, the world in the midst of a pandemic, the world on the cusp of WW3, supply chain issues, and a significantly reduced labour force, just to mention the obvious? Why would an acquirer even think about building a mine when they can just buy one already in production with positive net earnings and significant free cash flow? Reminder VG paid down $60 million in debt in 2021 ...did you miss that?
Today's market cap is 442 million CAD for a company that after the new Technical Report is released by year end will have a net assett value of about $1 billion. With reserves and drill results that point to district scale potential. That puts VG share price at atleast double today's price.
Maybe it's time you quit dwelling on the past and start realizing VG's true potential. Why the hell would McConnell want to sell VG at essentially the cost of the mine build and get nothing for the resources beyond the Eagle deposit when it seems they are sitting on a district scale resource?
I honestly don't know Whateverrr why you're even on this board if you're so negative on this company and its' management...just move along and put your stock investment talents to good use elsewhere. I know I won't miss you and I suspect many others won't either!
RE:RE:It seems like...
the mine was actually quite expensive to build and far over budget, considering the CEO mentioned constantly how conservative the cost numbers were to buffer any over run, massive dilition, the NSR and other bad issues and you get what MVargass can't understand and OCD got banned and lost his shares because it took too long to break even from the 2007 $1 shares which equates to $15 in current shares....holding since 2007 and losing 50% in 15 years does not cut it. BigJake wrote: Pete1986 wrote:the market don't like the latest news... strange.
Why would the market like Q3 results, it's becoming increasingly obvious that this mine was built on a shoe string budget and now shareholders are paying for it. If we could have been bought out before all these issues surfaced it would have been OK, now even with a competent management team we are going to need alot of money to get production on track, but instead of using free cash to address these issues our management team is investing in his wife's pet project which is even a lower grade resource than Victoria. Yet the babbling about project 250 continues when we haven't even gotten close to reaching 75% of design rates. I could not be more disappointed in this company than I am right now