Baillieu Valuation of VEC, page-274

Dude just relax a bit. We can all agree that the current situation with Magna is far less than ideal and that upon VEC announcing that it has secured a new funding deal and paid out Magna the SP will take care of itself.

Unfortunately, what we are stuck with at the moment is the great fear of what will happen to the SP if Magna isn't paid out within the 90 days. It is for that reason that the SP is presently floundering.

Like you, I'm bullish on VEC's future prospects and the exploration target certainly does look very juicy! but we have to clear this Magna hurdle first before we see some recovery in the SP to reflect to the size of the JORC resource, let alone the blue sky of the exploration target.