Post by
mferguson71 on Mar 02, 2021 11:51am
Comparable Company and Market Cap - APN
Altiplano is a company that produced $580,000 revenue from Copper in Q4.
https://themarketherald.ca/altiplano-announces-milestone-q4-2020-production-2021-02-01/?utm_source=stockhouse.com&utm_medium=widget&utm_campaign=stockhouse.com%7Cwebpart_news%7Cquote_tab
This would be equivalent to 341 ounces of gold at $1700. This would be about 115 ounces per month. With targets of 1000 ounces per month longer term, I would think 200 ounces per month with the current mill in place is very realistic for the bulk sampling program.
The market cap of APN is just over 31 million compared to VQA of 5 million. Share structure is very similar in numbers (not drastically different)
I see more potential in the upside of VQA in the next 12 months than APN when initially looking at APN.
Do your own due dilligence. Glad to see some people think it is a waste of time.
One of my favourtie quotes is you never want to see anything go up until you are done accumulating. I continue to accumulate in my opinion cheap shares.