RE:RE:CrushedYes most gold miners are trading as if gold is sub $1700/oz. I think the market is expecting the gold price to decline in the face of rising interest rates, but gold is hanging in there.
I own shares in KRR which has dropped more than 50% since April on no change in its 2022 outlook. AR is trading at 55 cents down from $4 in November after the escalation in construction costs to build its new mine in Ontario.
Victoria's market cap at C$770 million is probably less than the cost of building Eagle in today's dollars, giving little to no value to the gold in the ground.
Meanwhile most gold companies continue to generate losts of cash at current gold prices. If Victoria's Q2 production is significantly better than last year's, then we should see a rebound.
The short interest continues to go up and there are now over 3 million shares short - approaching 5% of the float. These shares have to bought back sooner or later.