Voyageur Pharmaceuticals Ltd V.VM

todays PEA value ?

[phoenix1151]

The 2021 PEA claimed $344M after tax based on $4760US/$5960CAN per tonne market price for slightly lower grade Chinese barium sulphate than the Francis Creek grade, but using more current estimates of around $7300 (CAN ?) per tonne would suggest the PEA value would be around $421M suggesting a share price value of $2.72.  It leads to the basic question of why have not the existing entrants not gobbled VM up long ago at penny level and suggests there's caution to be applied before getting too giddy even with the apparent tremendous upside. 

That said, I'm a hopeful believer in VM's potential, and am in deeper than I probably should be for my situation and the speculative nature that VM was when I purchased.  I suspect a takeover bid could very well emerge once actual quarry material is being successfully processed proving full viability of the venture.  GLA

[lscfa]

The PEA assumed 10,000 tpy but co. reduced plan to 5,000 tpy to reduce capex. This will reduce NPV. 

[WarrantOfficer]

I have learned to ascertain that one must read btwn the PR lines. I call to your attention an article in Resource World Magazine from July 2019. The link I have supplied below. A front end loader is pictured stockpiling seemingly tons of barite from the Francis Creek property at the Chief Medical Supplies Manufacturing plant. Where is that barite located now and how did they get it out of Francis

[postie1]

VM applied for the permit early 2019 and that picture was July. I do not think that they would jeopardize everything by not having a proper permit. Was it not  an existing quarry so most of the Gov. asessments should have already been done That is a lot of Barite to get started with.

[biggdogg]

That was in June/July 2019, the company was run by the Old Guard back then, before Willis took over. After he took controll he cleaned house. That is a very promotional article and I would not look at that as a reflection of what the company has become. Willis went to AVL not Chief. It looks like Chief is a dialysis company. That picture is a stock photo by the publisher. FC has not crushed any

[WarrantOfficer]

Correct you are biggdogg Voyageur-News-CEO-DIR-July-3rd-2019.pdf If that is a stock photo, it is very misleading, but in fact does answer a few questions. The main consideration being that pictured barite never really exsisted as stated, it was a fabrication by the publisher. Further, that article could have lead to an investigation by the Provincial Ministry of Mining and Critical Minerals