Ja gebohrt wird dann auch nach der mother Veine...
aber das ist nicht die Story, erstmal der Stockpile und dann die normale Produktion aus der Mine, die genug Cash Flow gibt, die mother Veine würde dann on Top oben drauf kommen..
Gestern war ein Investor Update hier mal einige Kommentare dazu:
New corp. presentation for today's $VGLD call. https://vangoldmining.com/wp-content/uploads/2020/...-July-7-2020.pdf 78.5 m shares outstanding, C$1.7m cash at 5/30/20. Enterprise Value = about C$8.5M. Potential free cash flow from the monetization of stockpiles is roughly C$15M over a 30-month period (assuming US$1,600/oz. Au Eq.). At today's spot price, it's ~C$20M. So, free cash flow equal to double the current valuation coming in from 1H 2021 into 2023 (if a toll milling deal can be secured). That's a tremendous amount of cash to explore with. Tuck-in acquisitions seem likely to me.
C$1.7M in cash for $VGLD is a good amount of money for the next 3-4 months, during which time they de-risk the story more, negotiate a toll milling agreement, and start drilling. Then, with the share price higher, they could raise a few million. If all goes reasonably well, they would only need a few million because free cash flow (for 24-30 months) from selling stockpiles would be approaching. Free cash flow could easily be C$500k/month, especially with today's silver & gold prices.
Excellent presentation by James! This project is very exciting and I look forward to watching things progress over the coming months.
I had a fantastic conversation with James today, which has given me great confidence in my investment here and I will most certainly be adding to my position over the coming days. We should expect a nr either tomorrow or Thursday in regards to the 17mil warrants that were exercised during the acceleration program, they now have $1.8mil in the treasury. We discussed the costs and options of refurbishing the El Pinguico shaft, which are very encouraging with respect to lowering extraction costs. They are currently looking at the idea of purchasing underground drills to have on site with employees working the drills on daily shifts. Underground drilling should start in the next 90-120 days, no permits required. James was very excited with the amount of targets they have. Drilling for the mother vein would be from surface at the SE portion of the plain block in Oct/Nov
This really is an exciting project and I’m happy to on board! I believe this will move out of this trading range in short order.