Post by
garland on Jan 02, 2023 11:26pm
low ball value for vsr
Due to several inquiries on the private bullboards , IMHO this is my LOW BALL value per share for VSR . - once again no value for tax pools or all projects other than Nelligan . I will assume 62 million shares outstanding ( fully diluted)
Cash $ 0.05cdn / share (3.2 million)
NSR $ 0.24cdn / share (15 .0 million ( low ! ))
Nelligan :
VSR share 1,250,000 million ounces of gold -new update = 5 million ounces ( low !! )
absolute low value to be paid for gold in the ground ( given the horrible gold market for juniors
and current investment sentiment)
= $70.00 cdn / ounce ( very very low !!!!!)
which equates to $ 87.5 cdn million (vsr share) or
$1.41 / share
Total LOW BALL VALUE = $1.70 cdn /share
This is the bottom from where we start - obviously VSR is insanely undervalued , especially as gold is currently trading at $ 1840 / ounce US
(it kills me every time I post this!!) I hope the BOD reads this !!!!!
Comment by
unclebobby on Jan 03, 2023 1:25am
Fair assessment, but vsr has other properties and interests in img. A good start, we know where gold is going
Comment by
unclebobby on Jan 03, 2023 6:34am
Gold on the move, did hit 1850 before the snakes took it down, will be adding today