I agree, I guess the market will indicate its sentiment in the...

I agree, I guess the market will indicate its sentiment in the next week or so.

I really dont know URL from a bar of soap, but from what i can make out, both companies bring large base metal projects to the table, both are BFS approved, and looking for a path forward. VCN also brings substantial cash.

My gut feeling is VCN has to be worth more than URL on the basis of the cash backing. Remember, VCN was trading below cash backing at 11c, so when comparing the implied value of each company, I think that should be taken into consideration. Also, URL will also get access to VCN projects for very little cost.

cheers!