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Victoria Gold Corp T.VGCX

Alternate Symbol(s):  VITFF

Victoria Gold Corp. is a Canada-based gold mining company. The Company is engaged in the operation, exploration and acquisition of mineral properties. Its flagship asset is its 100% owned Dublin Gulch property, which includes the Eagle Gold Deposit, the Olive Deposit, Raven Gold Deposit, the Wolf Tungsten Deposit, the Potato Hills Trend, including the Nugget, Lynx, Popeye, Rex-Peso, East Potato Hills, Eagle West, Falcon, as well as other targets. The Dublin Gulch Project is situated in central Yukon, Canada, approximately 375 kilometers north of the capital city of Whitehorse. The property covers an area of approximately 555 square kilometers, is accessible by road year-round and is powered by the Yukon energy grid. The Eagle and Olive deposits include probable reserves of approximately 3.3 million ounces of gold from 155 million tons of ore with a grade of 0.65 grams of gold per ton. It also holds Brewery Creek property, as well as the Gold Dome and Grew Creek exploration properties.


TSX:VGCX - Post by User

Bullboard Posts
Post by rgrieveon Sep 15, 2012 5:47pm
505 Views
Post# 20369921

Kinross & Sun Valley Gold

Kinross & Sun Valley Gold

These players hold 16% & 12% of VIT's shares and it is interesting to note they bought their shares after Eagle/Dublin Gulch was acquired in the Strata transaction. Eagle has been the project that brought both of these major shareholders sniffing at Victoria. I don't think they are interested in taking some stink bid offer to just get their money back. That in my mind puts a floor under the valuation of Victoria. It seems to me that any takeover offer would have to be well over a buck to get any king of consideration.

 

I still feel that behind the scenes someone is talking a jv and to me Kinross seems the most likely.

Bullboard Posts