I'm a holder of VXR and agree with your parallel.
I think it will be interesting to see their finance strategy and how they deal with the underwhelming interest on the ASX. My thoughts are that strategic investment at a project level from industry or larger miners will come into play as it's becoming increasing difficult, nigh on impossible, for MOD/VXR types to raise development capital at their current valuations. Luckily for both they have large Cu exposure which is being sought by larger players and should gravitate towards quality projects and typically at a premium to market cap.
VXR already has NST as a cornerstone and, whilst not an obvious corporate transaction, certainly NST like the project and have the bank to support the finance. Recent company announcements suggest news on funding is due this quarter and I'm watching with interest. cheers
MOD Price at posting:
25.0¢ Sentiment: None Disclosure: Not Held
