RE:Future Of Reality - AISCExactly !!!! Internal thoughts at VG are that they hope the nugget/raven area is 1/2 the size of Eagle, possibly as low as 1/3. Larger then 1/2 if they are very fortunate. Pumpers here say " well the AISC is close to industry standards" yeah but our starting point was, we were told dozens of times "conservatively sub $800 easily" and they were hedging their bets. Cheerleaders always default to some non-sequitar ideology when the original narrative falls apart. Some of the posters, further think they can run all of it simultaneously through the system (nugget/raven, eagle and and the Banyan claim they gave to John's wife) haha. RatPatrol wrote: It's early for shareholders to sing Glory! Glory! to this share price.
Now let's lookee here for tidbits gleaned from around Dublin Gulch that may make that stock price..
NOW 70 TIMES EARNINGS.....
Go this way or that.
AISC is a figure that, once established, can become difficult to move.
And the geology of Dublin Gulch appears to deliver small to medium deposits
of moderate to high grades.
1) Raven - It is said that Raven is " the Second largest cretaceous granodiorite intrusive body on the Dublin Gulch property". IF it becomes economic, a haul road of about 15 km will need to be built.
Two things here -
Raven may not be as big as Eagle....
and...
To connect to the mill...
That's going to be some mighty haul road.
AISC may not fall as a result of the expoitation of Raven.
2) Buying Puts - Miners SPEND MONEY to buy puts to lock in prices.
To adopt that strategy, you have to have NO CONFIDENCE that gold prices will rise.
Downside is that you MISS making more money $$$$$
ALREADY the AISC is high and you are blessed (at least today).....
With a 70 multiple.
And a high AISC.........
BUYING PUTS is a FAULTY STRATEGY for Victoria Gold.
We c.......
JMHO