Bullboard - Stock Discussion Forum 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... see more

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Victoria Gold Corp > Ya gotta love the market

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Post by pg1961 on Jul 16, 2020 2:14pm

Ya gotta love the market

Explain to me how a $15/oz drop in the price of gold, ie $3.3M of potential profit for the company, equates to a $31M drop in the value of the company. ( $.49 * 63M = $31M).

Is it a 10:1 thing?

Buy on the dips.

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Comment by Greatdaysahead on Jul 17, 2020 7:22am

you are assuming a 1:1 correlation at any moment between POG and VGCX. Long term, higher POG means higher Victoria value all things remaining the same...So your question is : what is the impact of POG change on Victoria valuaiton. I am quite sure I saw a NPV calculation in one of the presentation : NPV calculated for different POG and CAD/USD exchange rate but can't find it in my ...more

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Comment by OCB1234 on Jul 17, 2020 8:11am

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Comment by Greatdaysahead on Jul 17, 2020 8:16am

txs ! Was it in June presentation ? the one I haven't saved lolol!

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Comment by OCB1234 on Jul 17, 2020 8:18am

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Comment by pg1961 on Jul 17, 2020 8:40am

Wow thaks for the info. I guess there is method to the madness. Now if I can time the dips in the gold price for the next few months before the next production info release...

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Victoria Gold Corp