The consolidation of shares is the key to the deal. a 5/6-1 consolidation would give a simular price to VCN. Once shares are issued there will be approx 2.3 bil if my calculations are right. 800m plus 228 x 6.85 1.56b so approx 2.3 bil.
6 x 2c = 12c = 500m shares (approx)
First copper production latter 2010 they have more ground around mount Isa with potential NSW and Finland now.
Depending on URL Capital raising these figures should hold.
With profits in the area of 100m a year for 500m shares = 20c you would think they would pay some dividend 2011 (1c/2c) to support share price.
VCN Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held
