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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

Post by Human7on Feb 21, 2024 1:44pm
133 Views
Post# 35891356

Where have people been?

Where have people been?This press release is what was expected for 2023.

I like where this company is now, and where it can be expected to go. JM admitted long ago that they needed to learn to walk before running and since then it's been a gradual improvement. So where have you been if you're still dumping on JM and VGCX?

Meanwhile multiple producers are showing higher AISC and missing guidance, and are in weird political environments. VGCX at least delivered on guidance in 2023, while buying out a local miner with Brewery Creek, and Gold Dome. Still with major shares in Banyan next door (which is one of the most respected plays with 7 million ounces) and also 33% of LG which has a past producing mine in Nevada and some upside. And then there is Raven, with higher grade than Eagle. And stll a huge tract of land unexplored.

If you're here with ADHD, sure, someplace else might give you your highs quicker. Meanwhile I'm happy to have survived the last couple of years, and like that they are planning another $10 mill in drilling this year while paying down debt. If you think gold is going down from here, then bail on all producers, but me I'm happy to be with this company in Canada, with open pits way up north, indigenous on side, a supportive Yukon government and a proven business model. 
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