VAU - A coming together to create a mid-tier producer

There has been a lot of talk about how price takers are suffering. Especially with energy metals prices have been on the nose and their source of excess returns in 2020 to 2022. But then it’s easy to forget that there is a metal currently trading at all time highs which is quite a feat given Cleopatra reportedly loved being adorned by the stuff and she was around in BC times. Of course I am talking about Gold, and after a significant strengthening of the US dollar, the commodity has certainly received another free kick in AUD terms in recent years.
For those that have read my analysis over the years, you will know that I have repeatedly said that investing in an operational miner is different from investing in the commodity itself as it carries more risk than just the price. Therefore when you look for a miner, look for one where the production profile is expected to increase overtime, whilst also benefiting from a solid commodity price as well.
It is in this context that we cover Vault Minerals (ASX:VAU)

For those unaware, VAU was formerly known...