Post by
garland on Mar 02, 2021 11:45pm
Price and value - my final comment until news
VSR has $.10cdn/share cash in the bank , the NSR is worth $.25 cdn cash in the bank (conservative value of 15 million which is cheap) That leaves $.38cdn x 56million shares = 21.3 million divided by 800,000 ounces of gold = $ 26.6 cdn of value per ounce of gold in the ground ?!?!?!? (Companies are paying between $100-150 cdn for gold in the ground in the area). Add to this the tax loss pools ( 7million or $.12cdn / share to those companies that have tax problems, there is at least another 1.0+ million ounces to be added to the 43-101 reserve report ( 27 holes outside the pitshell) and potential upside at Felix - we will get picked off as the value is just too compelling to ignore!!!
Comment by
goldbug1965 on Mar 03, 2021 9:42am
A fair assessment IMO. Problem is the huge sell pressure outstanding. Grandich and company have millions of shares to offload. They will capture any upsides. The best thing that could happen is a capitulation to lower 0.50s, a complete refresh of the shareholders base... Until then it will grind it's way lower.
Comment by
edmed on Mar 03, 2021 10:10am
we will most likely get an offer in the $1.40-$1.60 range pathetic
Comment by
thisisriskystuf on Mar 03, 2021 10:41am
I don't think PG and his his gang would except a low offer , they know the vaule is higher than $2.00 . At one time it was as high as $4.00 and now as low as $2.00 it is any ones guess as Price and Value. It will all depend on when and how high Gold will go in the next couple of months. JMHO