the last bit of this term sheet is Very interesting and promosing...
10% of project valuations....
given VKA aiming for advanced Brown fields projects and its healthy cash balances, i will not surprised to see they bring in a Company maker project which near productions/advanced development stages, therefore, exisiting multi tens millions valuations or near terms...
so 10% out of it is big dollars...
normally there should be Up front payments which roughly be $1m or $2m.
then Royalty payments upon Productions accounts big part of the total Considerations for the deal which avoid dilutions and help VKA to retain some cash for operations..
then there could be several milestone payments as per the Ore productions/mineral reserves/JORC or upgrades etc...
therefore, VKA should be a steadily baggers if people can master the timing and i have no idea when, could be any days, or could be next months etc, but this is a No brainer for me and i felt safe of holding it .
we all make right or wrong decisions as per shares/stocks, in our life times, however, as per the company growing/developments of VKA, finding a Flagship project which will attract substantial interests are what bring GTT on boards and why i think and believe there should be baggers going to make here....
we have seen so many multibagegrs elsewhere from those Shells/acquisitions plays (majority of these plays have no much funds while compared with VKA) and VKA should be next one to boom imo..
VKA Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
