I did recommend doing a proper comparison, AngloAshanti had proven the VEC project location by a previous decision to mine and commenced construction. An internal company restructuring when the gold price was down is why they sold out. WAF is unproven right? There is another comparison.
If both companies reach mine production, let’s say in 2021. Although VEC is likely late 2020 as they are much more ready having previous mine designs, licensing in place and some equipment already on site, as I said previously in construction. Let’s ignore that much for now.
Which share price has the most upside? Set a target SP, say $400-500M? A MC higher than that for a start up mine is dreaming really.
Value for shareholders is in share price growth I would have thought?
I did recommend doing a proper comparison, AngloAshanti had...
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Last
$1.50 |
Change
0.015(1.01%) |
Mkt cap ! $1.866B | |||
| Open | High | Low | Value | Volume |
| $1.51 | $1.51 | $1.49 | $3.699M | 2.471M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12485 | $1.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.50 | 132100 | 7 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| WAF (ASX) Chart |
