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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
Comment by Greatdaysaheadon Nov 26, 2019 8:16am
154 Views
Post# 30392454

RE:Detour vs vit

RE:Detour vs vit

I guess "THE Market" (let's call it as if it was one and unique) needs still clarification and waits that VIT is in full production to review the valorisation :

AISC at 750$ is not "proven" imo. And I think it depends how it is calculated. Nice explanations on the net but it looks like there could be interpretation about what kind of charges has to be included so not sure one AISC = another one AISC.

Then the notion of current cash coming in covering operational and sustaining cost isn't clear as well. What is taken into account, what not.

Then are we sure no new financing is needed. This is still an open question.

So in my opinion, this is the kind of situation where you can make a good return taking the related risk. And this is always about this two components : less risky the investment is, less return you should expect.

And let's not forget the whole market : Gold producers are defensive stocks and we continue to have a bullish market focusing on the good news or rumors and downsizing the current economical and politicals risks. POG is struggling a little bit so not helping.

I haven't checked but it is time to compare VIT perf to peers in the next couple of weeks/months. 

I would not sell VIT now. Too late not to go to the finish line with Eagle. Too early not to wait for Nuggets exploration program.

 

 

Bullboard Posts