If you believe what is written on the brochures, and if unicorns exist then the story will unfold like a fairytale. DFS announcement will coincide with NST signing off a binding JV. This will attract finance from say BNP Paribas (top 5 shareholder) and signal to the market that VXR is in business. The SP will re-rate to 45c and the next SPP will be significantly oversubscribed. In the meantime, DEG will dig up loads of gold from Loudens Patch, further exploration will uncover Sulphur Springs 2.0 and base metal prices will continue an upwards trajectory. The SS project will be completed ahead of schedule and under budget and ship concentrates just when spot prices are through the roof. The SP will then be over $1. Profits from SS will kickstart Whim Creek and with 2 producing mines the SP will go to $2-$3. And before you know it, VXR will be in the ASX200 and a T/O offer will come from Hancock Prospecting for $5 a share. Dreaming is free.
VXR Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held