RE: Good week coming3 Apr 2021 12:47
Sammy,
You ain't no ramper. You are just saying what every sensible investor knows. This share is grossly under value and is about to fly with the growth in demand for Vanadium carrying through into the price of V products . Let us not forget that our digging up of the stuff costs circa $20 a kilo Ad 20% to be a pessimist , so costs $24 a kilo. Sale price now circa $36 a kilo , so 12x 4320x1000=nearly $52million at worst
Plant itself is worth , what?, $500 million.
FM said 4320 in his recent interview as the likely production .
Market cap 1.2billion x £0.17x 0.72 ( to convert $ to £ )=£210528000
So without any PE add in , re the upcoming profit , this share is already half -price. Add in a P/e ration of as little as 4 and youare adding $208 million x.72 = approx £150 million and each share is TODAY at less than one third of its proper value.
I am no professional valuer , nor a ramper , just a patient investor.
AND remember that FM has indicated 8200 tons in a couple of years time .
I can wait-just wish I had more money to put in , but I am just a poor old retired ( sort of) lawyer.
Buy now while stocks last at this stupidly cheap price