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Victoria Gold Corp T.VGCX

Alternate Symbol(s):  VITFF

Victoria Gold Corp. is a gold mining company. The Company’s flagship asset is its 100% owned Dublin Gulch property, which hosts the Eagle, Olive and Raven gold deposits along with numerous targets along the Potato Hills Trend including Nugget, Lynx and Rex Peso. Dublin Gulch is situated in the central Yukon, Canada, approximately 375 kilometers (km) north of the capital city of Whitehorse. The property covers an area of approximately 555 square kilometers and is the site of the Company's Eagle and Olive Gold Deposits. It also holds a suite of other development and exploration properties in the Yukon, including Brewery Creek, Clear Creek, Gold Dome and Grew Creek. The Eagle West target area lies as close as 500 meters northwest of the main Eagle Gold Deposit and hosts the exposures of the granodiorite. The Raven target is located at the contact zone at the extreme southeastern portion of the Nugget Stock. The Brewery Creek Project is a past producing heap leach gold mining operation.


TSX:VGCX - Post by User

Bullboard Posts
Comment by NickelOneon May 27, 2020 7:08am
166 Views
Post# 31076650

RE:2020 Cash flow

RE:2020 Cash flow
hcarbon wrote: With assumed production of 15000 oz in may and after that up to 20000 oz from nov, the 2020 production will be around 160 Koz. John said that 2020 Asic would be North of 800. Suppose 900US$/oz. That would implicate a cashflow of 179 mil Cd$!


Expect 10,000 oz in May and maximum 15,000 oz/month for the rest of the year. Maximum 2020 production 125,000 - 135,000 oz at an AISC of $1,080 - $1,300/oz.

It looks like FS numbers are too high of a target for the team in charge. They exceed the costs, I must give them credit for that!

Instead of pushing production and exceed the FS estimate in a positive gold environment, they elect to "take it easy" and deliver mediocre results. 

John wants to milk this cow long and slow...

Amateurs!

This one is going down again, today. Newsletter investors stop orders started to kick in ...

Good luck.

Bullboard Posts