Post by
ALLEN4 on Jun 19, 2013 2:29pm
near term catalyst
If Kevin can pull off a decent sale of the Gaoua property we could quickly be trading well below cash in the bank, not to mention Kiaka and all the de-risking, found gold, and knowledge obtained over the past few years. Sometimes investors need everything spelled out for them; the NI-401 setting out the gold and copper on the property is not enough for lots of people, and money in the bank will be a lot clearer. The market for selling Gaoua I expect will be quite a different market than the unreal stock market where VTR shares are sold. Our market cap is less than 30 million right now, and so would it be possible to sell Goaua for more than 30 million. Not only possible, but probable, I say. This is not an insubstantial asset. An entire company could be built around this one asset, or alternatively a major looking for a position in Burkina Faso with the expertise to develop and mine this kind of deposit would be lucky to acquire it. If we get a decent deal I doubt we would trade below cash in the bank for more than a few seconds.