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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

Comment by Nick2021on Jun 29, 2024 11:23am
126 Views
Post# 36112051

RE:RE:RE:RE:RE:RE:RE:Just an observation

RE:RE:RE:RE:RE:RE:RE:Just an observationThese are good questions that can't be answered in terms of facts, but they can be answered in terms of risk:

Risk One:  to survive, the company will have to raise cash at terms that are highly disadvantageous to current shareholders.  This is affected by the side of the environmental cleanup bill, the amount of time production is out, and the cost of repairing the infrastructure.  The first and third of these could be very expensive, and the second is unknown.  It's not guaranteed that the company will survive, in a way that current investors can benefit from.

Risk Two: lawsuits and liability.  Unknown, but potentially vast.  If the company is shown to be negligent, they may lose their permitting.

Risk Three:  loss of reputation.  This isn't a physical risk, but one to shareholders; owning the stock, you have to put your faith in a management team that failed.  This might not matter to you, but it does mantter to the financial people who will be lending them money.

Risk Four:  physical risk.  It's not yet certain exactly what will be required to make the mine functional again in a purely physical way.  The current management failed to build a physically safe mine the first time around, now they have the unstable remnants of their first attempt to consider as well.  
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