market cap, page-37

mitis

good question.

essentially, we have been told that the Veritas valuation of $2.42 is now short of the mark.


PS the "lack of detail" is because this is just a quarterly with a spoiler thrown in to appease the masses.

all i can see is a company actively doing due diligence (hooray!) on a project that looks like it is really going to happen (again hooray!)

also bear in mind that Veritas $2.42 valuation is based SOLELY on 47mT of 35%+ resource.

while the meerkats are waiting for some bells and whistles to convince them to buy, i have been building my position based on one thing that everyone else seems to have overlooked: our cut off grade is now 20%

we are no longer talking about 47mT. we are talking about anywhere up to 600mT.

rest assured, the next valuation Veritas gives should be significantly higher than $2.42, being based on anything up to double the resource base.