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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 dave4275on Apr 09, 2013 4:15pm
379 Views
Post# 21233299

Interesting Point...

Interesting Point...

The higher the stock price, the lower the risk, from a financing perspective.

What I mean is - once the stock gets into the 30-40 cent range, issuing equity, while still dilutive, is do-able.

I don't think they will issue until the stock is well over .50, but it almost becomes a sell-fullfilling thing as we get closer to that number.

The more the stock goes up, the more likely financing terms benefit VIT.

So, in my view, all we need is one or two more days like today and things look WAY better.   If VIT breaks .30 AND if gold prices hold around these levels, VIT could be in a very strong negotiation position over the next few weeks.

Interesting how just a few good days can make a big difference.

Fingers crossed that this rise continues.

 

Bullboard Posts