In this deep dive episode, we explore Vault Minerals. A company that isn’t a standalone gold story, it’s a merger ticket into Genesis. The FY26 number is currently at 336,540oz, A$1.88B sales, A$487.8M free cash, A$841.6M cash and bullion, no debt, no hedges. The Scheme pays around 0.7629 Genesis shares plus about A$0.513 cash, roughly 40.2% of a 600–700koz group, with A$2.0B in claimed synergies. We then breakdown Leonora, Mount Monger, Deflector’s A$4,300 AISC, Sugar Zone, the score, and what must clear before November. As always not an advice. Watch the full series to know more.
Presentation slides:
Full written analysis at the original article here:
https://www.rocketeller.com/vault-minerals-debt-free-gold-producer-with-700koz-potential/
