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25.0%

0.3¢ victory mines limited

They are waiting for permits to start drilling but they've said...

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ura_bull

4,048 Posts.

550

30/06/18

09:54

Post #: 34054575
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Originally posted by dalto24 ↑

Everything looks good here. Management, assets, location, cash at bank and estimated cash burn.

Nice MC and not a ridiculous number of share on issue.

I don't hold as of yet, just doing some research

My only small concern at present is that more money is being spent on administration and corporate costs compared to that of exploration and evaluation. These figures can be found in the quarterly cashflow report (30/4/18).

I don't believe they have started drilling as of yet, nor am I an expert, so if someone would have some clarification on the follow that would be appreciated. Are these costs higher as the managers are paying themselves juicy wages or is it a cost with setting up drilling?

I've looked at the estimated cash outflow for the next quarter and it's the same story. Besides that, amazing little company.

Dalto24

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They are waiting for permits to start drilling but they've said that they have been organising the drilling campaign so it's ready to go...

VIC Price at posting: 0.8¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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