- Vista Gold is up 5% thus far in Q2, sharply underperforming the Gold Juniors Index.
- The company's Mt Todd Project is one of the largest undeveloped projects globally, but the hefty capex bill seems to be deterring suitors for the time being.
- Given the strength in the Australian Dollar and increased materials costs, the $826 million capex bill may end up being ambitious, making the project a bigger risk for potential suitors.
- I continue to see Vista as a decent bet in the junior sector, but with no clear path to development, I think there are better names out there currently.
For further details see:
Vista Gold: Medium-Risk, High-Reward