Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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
Comment by NickelOneon Feb 16, 2018 8:04pm
199 Views
Post# 27576062

RE:RE:Gold price and Eagle IRR

RE:RE:Gold price and Eagle IRR
OCB1234 wrote: "project financing should be closed soon at attractive terms" VIT has invoked the "cone of silence" for quite some time now, so how do you know that and where are you getting your information from? OCB1234 - I am nothing but a retail investor, same as many others here... I don't get any special treatment, no insider information, no "tips" on what is going to happen next. I have no affiliation with VIT whatsoever. I am familiar with the mining industry (which I must say is big here in Canada) and I have been investing in mining juniors for a while... My statements are based on what I observe and on what I believe is logical to happen here: 1. VIT will have to get the ball rolling soon to be able to do the construction they are planning to do in 2018. They have to go out for tenders, buy all equipment, get the power line and power station built before next winter comes. Yukon is scarce in contractors for large projects, they don't wait around, get booked for the summer early in the year. 2. The "cone of silence" from VIT team is a clear indication they are working out the final details. The optimal time to close financing and access the 220M financing is late February, early March. 3. The gold price is firming up, and there is some aggressive buying with any pullback. People will soon come to the conclusion that cryptos and marijuana stocks are less tangible than gold or gold producers in stable jurisdictions. 4. The very good rate VIT secured for the Loan Facility (4.5% pre-completion) gives VIT some good options to secure the remaining funding for the project. 5. I am a buyer at current levels and I add to my position with every opportunity I have. I have a target to reach before the news come out and I hope I will be able to reach it. There are not many opportunities left to buy VIT at low 40s. GLTA
Bullboard Posts