VKA 8.33% 1.1¢ viking mines limited

Massively Over-Valued! Consider the flw: Cash in Bank end June...

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    Massively Over-Valued!

    Consider the flw:

    Cash in Bank end June Qtr: $2,837,000 (left from original $5m cash paid)

    No Shares: 313.72m

    Value of VKA (ex Shell Val)/share: $0.009

    Add Shell Value: $1m

    Fair Value of VKA/Share:$0.012

    By any stretch of imagination, VKA is massively over-valued and it's Cash Burn rate is obscene!

    Note: Figures from VKA ANN's.
 
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