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17:04
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Originally posted by 82Punter:
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Hi CFP, perhaps look at it like this, the market is currently valuing VEC's gold in the ground at AUD$11.80/ounce based solely on the 60% share of the JORC resources at A-K and Maniema (ignore Kibali South's 1.47Moz for now as it's not a completed acquisition). The market is not pricing in any value attributable to the plant and equipment that is part of the A-K acquisition.
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I agree 100% that Magna has to clear out first then hopefully we will see new money come in, possibly fund managers, superannuation, cornerstone has been mentioned, I like Sprott he doesnt mind paying a premium either
