Baillieu Valuation of VEC, page-174

Fair enough, my argument has always been about comparing SP growth and making coin so time will tell. Oh and identifying that even hearts are often baggies

But your post does reflect a number of big oversights, the small MC for starters has plenty of room to grow. Another the recently appointed Ex-Anglo team having taken this project to DFS already so they are highly skilled locally and know the project quite well. Kind of bodes well for VEC to have them join the team and also take a major shareholder stake in VEC, wouldn't happen if the goods weren't there imo.

As far as funding is concerned, if you have an attractive resource, funding will come. VEC has that in spades. Put it this way if WAF can get funding for such a small mine then Adidi Kanga will get funding in a canter, economics of scale is important. Plus located in an established gold mining region and as they say size and grades are king! There is always LSE, funding in Africa is a lot more popular over there

Anyway I don't usually go and post on other threads when I don't hold, this is my second time ever, on this occasion I was duly invited by a certain someone. But in all honesty it wasn't hard to find next to no SP growth catalysts and potential cost blow-out risks over there with very little researching effort. Banking sector looking good for 12 mths. Anyway GL all the same, each to their own. Thumbs up.