VEC 0.00% 1.2¢ vector resources limited

Baillieu Valuation of VEC, page-252

  1. cfp
    2,919 Posts.
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    now that wasn't hard, that's what I asked if anyone knew as I had been away for a couple of weeks, so they borrowed 4.75 million USD to secure AK, great, then after announcing they have secured it they then advise a resource upgrade between 12 and 25 million ounces that on the back of a 4.75 million dollar loan, the question I ask is based on the possibility of there being between 12 and 25 million additional ounces, will 4.75 million USD or even 10 million USD really effect anything or send us to the wall, I have done my back of envelop numbers and based it on 200 USD per ounce profit and get between 2.4 Billion USD and 5 Billion USD profit, IMO 10 million won't keep me awake at nights worrying
 
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