VIC victory mines limited

Tesla future and impact on Cobalt, page-15

  1. 38 Posts.
    lightbulb Created with Sketch.  4
    Agree.

    I would also like to know what the company is going to do with the following projects in WA:
    - Laverton (E38/3075)
    - Bonaparte Project (E80/4901 and E80/4965)

    There have been some changes in management, time will tell if they are able to focus and get the job done. I think a number of questions remain about their abilities.

    In the 2017 Annual report page 8;
    - "The acquisition known as the Bonaparte Project is a high-grade "cobalt", zinc-lead-silver mineralisation with samples of up to 4.1% cobalt in soft rocks.

    In the 2018 half year report page 3;
    - "As announced 18 July 2017, Victory acquired the Bonaparte Project, Western Australia, which is considered to be highly prospective for polymetallic elements (especially zinc, lead and silver)". Where did the cobalt go?

    I think a number of past decisions are questionable. While the NSW tenants look promising, drilling results need to come back with good news, l don't think surface rock sampling (while positive) is going to provide the market with confidence (that said the SP will probable bouncing between 0.01 to 0.03 as people buy and sell to make short term profits - not going to see 0.05 - 0.07 as some has said). As a share holder l knew the risks with VIC (eyes wide open) and have taken a punt.
 
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