Opportunities exist for the company to expand its resource potential base because the PEA does not include all areas of its property currently prospected.
Furthermore, because the company is based in a major mining center with numerous big and small cap players, it has ample M&A opportunities for strategic growth.
Currently, Vendetta does not produce anything.
The Preliminary Economic Assessment (PEA) projects production to start in 2021 with an initial mine life of 10 years.
It projects an average annual zinc metal production of 50 million pounds, annual lead metal production of 124 million pounds, and annual silver metal production of 298,000 ounces.
Based on this production profile, Vendetta is not a pure play on zinc.
The PEA projects a “base case” after-tax return of 24% based on metal prices of Lead US$0.94 per pound, Zinc US$1.09 per pound, and Silver US$16.5 per ounce.
The current zinc price bull run that started in 2016 still has a few more years to run.
Vendetta Mining (OTCMKTS: VDTAF) is a small cap stock with prime Lead-Zinc assets in Australia's Mount Isa province, which is reputed to be the richest Lead-Zinc-Silver belt in the world.
The company has completed the feasibility of its high-grade Pegmont Lead-Zinc project and production is slated to begin in 2021.
Therefore, if you’re an investor looking to profit from this zinc bull run with a small cap stock poised to make a move, then consider Vendetta.
Please read our full disclaimer by clicking here. Statements regarding the Company which are not historical facts are "forward-looking statements" that involve risks and uncertainties. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements due to factors such as: (i) fluctuation of mineral prices; (ii) a change in market conditions; and (iii) the fact that future operational results may not be accurately predicted based on this limited information to date. Except as required by law, the Company does not intend to update any changes to such statements. Caddy Stocks believes the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included herein should not be unduly relied upon. This article shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state.