$1.80 is based on post-consolidation base of 18 cents. From 1.2 cents it will be 12 cents.
If VXR was in production right now shipping zinc, copper and silver concentrates by the quarter, $1.80 is what it might be worth. I didn't dream this up, it is based on a number of research reports already out there.
For now, the challenge is finding the money to build the mine. Until that happens, it is all a dream and we remain a penny dreadful or 20 cent-ful.
VXR Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
