To give an example of where I think VIPR may end up, look at similarly situated mining companies.
VIPR: Anxiously awaiting dig results so they can file 43-101
U.S. Gold (UXG): Received dig results and filed 43-101 within the last 18 months.
U.S. Gold has 1.9 million ounces of gold (measured resource). They are currently trading at $2.76 per share. The UXG share structure is such that they currently have 121 million shares outstanding. This means that VIPR is roughly 13 times more diluted than UXG.
$2.76 (share price) divided by 13 (dilution) = $.2123 @ 1.9 million measured ounces of gold under VIPR share structure.
This breaks down to the following chart for VIPR Gold Resources at Singida:
100,000 ounces: PPS of $.01117 200,000 ounces: PPS of $.02234 300,000 ounces: PPS of $.03352 400,000 ounces: PPS of $.04469 500,000 ounces: PPS of $.05586 600,000 ounces: PPS of $.06704 700,000 ounces: PPS of $.07821 800,000 ounces: PPS of $.08934 900,000 ounces: PPS of $.10056 1,000,000 oz: PPS of $.11173
This does NOT include the value of any cash on hand, diamonds, uranium, or other property acquisition by VIPR. Even so, we know that VIPR has lots of cash, a percentage stake in at least $30 million in diamonds, and potentially more uranium in Manyoni than gold in Singida. Lastly, JC Barbeck has stated multiple times they are actively trying to acquire more property. Once VIPR gets results and a 43-101, this baby has huge potential.
*note: UXG does have about $50 million worth of silver in the ground too. In the grand scheme this is small potatoes, so to speak. In addition, it is probably mostly cancelled out by VIPR's percentage stake in diamonds, cash, future acquisitions, and huge potential in Uranium.
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