Victoria Gold Corp T.VGCX

Alternate Symbol(s): VITFF

Metals & Mining Gold

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.

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Victoria Gold Corp

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Post by adoraon Sep 13, 2016 1:39am

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Post# 25230611

Production in 2018 will be reality & Santa fe potential

This updated FS increased IRR & NPV by more than 100%, exactly what banks want to see. Remember, they were ready to extend up to 220 m based on the FS released 2012. The goal was all along to make the project attractive to banks at current prices in order to enable financing this fall, and I believe they will get it. They have also shown the ability to raise money in the market.

So this takes the company from development to cash flowing in just 1,5 years from now. And, when I compare Victoria to Torex Gold, I come to the conclusion that this stock, once in production, should be at 4 cad (at current gold price, will probably be much higher in 1,5 years).

Another thing to consider. Not long ago, Gold Standard Ventures drilled 126.2 meter section grading 3.95 g Au/t, GSV exploded in price, doubled in just days. It reached a market cap of over 800 m on that project alone, with no permits or FS in place. Victoria Golds market cap is only about 300 m and they have drilled much better holes at Santa Fe:

Internally, in terms of management we feel that the potential of Santa Fe is to double the companys entire mineral inventory , on one property alone. – Chad Williams

Think about that, Santa Fe has massive potential, Imo it should be valued as much as Gold Standard Ventures right now. Victoria Gold is heading for a $1 billion valuation easilty. Why are they not there right now? Because the market has forgotten about this project and management has not mentioned it for about five years. But they will, and when they do, sky's the limit when it comes to upside potential

Bullboard Posts

Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle