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Victoria Gold Corp T.VGCX

Alternate Symbol(s):  VITFF

Metals & Mining Gold
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

Victoria Gold Corp > Artemis Phase 2 NPV released, can VGCX do the same.
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Comment by DonaldDDukcon Feb 28, 2024 9:48am
119 Views
Post# 35903551

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Artemis Phase 2 NPV released, can VGCX do the same.

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Artemis Phase 2 NPV released, can VGCX do the same.200koz is impossible. only on theory

The feed to HLF varries from days. On a good day, we can get 40,000 tonnes -30,000 tonnes. On shitty days you get 20,000. The ore grade varries between 1.2 -0.3 ppm

We take one days off each week for maintenance
so in one year you will have 300 running days. 
300 days*40,000 tonnes*1 ppm Au * Recovery Rate@70% /31= 270 thousandOz
That means we are very good boys
Then if you are all alcoholics and idiots?
We lost 30 days of crushing due to mechanical problem or other stupidity
Sometimes we cannot get 40000, it might even out to 30,000
Ore grade can get as low as 0.8ppm or 0.6ppm
Then 
270*30000*0.8*0.7/31=146koz
That is so much lower than 270 koz

That is the difference! 146 really sucks. When the management sell their 250oz story. it is not impossible



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