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1.2¢ vector resources limited

I'm uncertain of the geographic concerns, this is a guide from...

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TheTextralian

91 Posts.

34

07/03/19

15:58

Post #: 37687849
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Originally posted by binwood: ↑

Average gold price over the last 5 years has been $1,200-1,250 an ounce (as below). For me I can't reconcile why the project would have been abandoned if AISC was that low. I have suspicions it's much more like $1,000-1,100. NB I have no technical data to prove this, it's simply an opinion based on past actions surrounding the resource.

As I have said before - if it's something near your numbers and they show they are achievable then this gets very interesting. Produce for a year or two and then double production capacity. Who wants a 15 year LOM. Start producing 400koz a year at $900/oz and drill out the resource and you have a billion dollar + company.

If numbers are more in my range you have an asset that's a good optionality play that will do well in a gold bull but might struggle in a lower POG environment. Hence costs being key.

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I'm uncertain of the geographic concerns, this is a guide from gold.org
Around the $900 mark. I do however believe you are correct that it's much higher with all things included.

VEC Price at posting: 1.8¢ Sentiment: None Disclosure: Not Held
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