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VAL, VALOR RESOURCES LIMITED
nipper
post Posted: Mar 31 2021, 08:59 PM
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Valor Resources Limited (VAL) is an ASX listed mineral exploration and development company. Valor is engaged in metals exploration and project development, primarily the Berenguela copper silver deposit in the Puno Department of southern Peru.
QUOTE
First a bit of Background ... Was Voyager Resources (VOR)
..... by 2014, the Company has determined that no further non essential expenditure will be made in Mongolia and that a realization process for the Company's Mongolian assets will be pursued and that the Company's strategic direction and focus will be on its Brazilian Carajas Province copper assets... On 04 Dec, 2014, Voyager Resources Limited (VOR) changed its name and ASX code to The Carajas Copper Company Limited (CJC).... On 07 Feb, 2017, The Carajas Copper Company Limited (CJC) changed its name and ASX code to Valor Resources Limited (VAL).

Market Cap is all of $20 million, but that is an order of magnitude greater than a year ago. Nearly 3 Billion shares out there, and lots and lots of options and Rights ... 513M Performance Rights, 180M unlisted and 400M listed VALOB rights

VAL has doubled in price during the first few months of 2021. Volume has also increased dramatically during these 3 months.
The latest Investor Presentation shows 2 strings to its bow, aka a movable feast, considering other historic forays
1. Exploring the Picha Copper Silver Project in Peru
2. Investigating Uranium Opportunities in the Athabasca Basin Saskatchewan Canada

the coming Quarter looks exciting (drip drip sarcasm; what else with Covid restrictions !)
.. Continuing a desktop study on the Peruvian Copper-Silver Project
.. Complete reprocessing of the AEM survey at both Cluff Lake and Hook Lake (newly acquired from Pitchblende Energy Pty Ltd) projects in Athabasca, Canada, to better understand the geometry and extent of the EM targets
.. Undertake a review of all historical data at the Canadian projects
.. Finalise agreement with geological consultancy firm in Canada to undertake the planned programs for 2021
.. Complete the first phase of the 2021 programme in Canada
.. Complete permitting for Phase 2 summer ground work





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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
 



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