Virginia Mines Inc VGMNF

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[20/20/12]

https://www.theaureport.com/pub/co/458?utm_source=delivra&utm_medium=email&utm_campaign=Gold+final+11-3-14

Virginia Mines Inc.

TICKER: VGQ:TSX

Virginia Mines Inc. is a mining exploration company with a royalty of 2.2% on the world-class Eleonore gold deposit, which is in a new district that is now considered a new mining camp. Virginia works relentlessly on many projects in various stages of growth to develop … read more

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The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.

Expert Comments:

Eric Lemieux, PearTree Securities Inc. (10/29/14) "Virginia Mines Inc. updated the summer and fall 2014 results of exploration work conducted on the Anatacau-Wabamisk and Kan gold projects. Field work suggests better understanding of mineralized systems and should lead to more extensive exploration work to delineate gold. . .the company has capacity to generate exploration success with its strong financial flexibility ($45M in cash and equivalents), solid work ethic and focus and passionate exploration team."

Ben Kramer-Miller, Seeking Alpha (10/27/14) "Virginia Mines Inc. just announced the exploration results at its Wabamisk and Kan projects in Quebec on its massive St. James Bay land package. The results show that there are zones of high-grade gold mineralization. In particular the Mustang vein at Wabamisk is showing 3–5m wide ore zones containing nearly an ounce of gold per tonne, which is extremely promising."

Jay Taylor, Gold, Energy & Tech Stocks (10/24/14) "Virginia Mines Inc. is a well-established, positive cash flow royalty and prospect generator company that should be in a very enviable position to profit from a return of the gold bull market. And by holding down the number of shares, acquiring shares at the current depressed levels should reward investors well in the years to come."

The Gold Report Interview with Adrian Day (10/13/14) "A great discovery success has been Virginia Mines Inc. Its first major discovery was the Éléonore, about nine years ago. Virginia Mines kept a royalty on Éléonore when it sold the mine to Goldcorp. That royalty drove Virginia's stock price from $5 in 2009 to $13 today. That certainly bucked the trend! Virginia Mines has strong, competent, honest and disciplined management and a very solid balance sheet. The company has kept around $40M in cash for the last several years. It does not have to go to the market for funds. . .the royalty on Éléonore will be very profitable over many years. . .Virginia's royalty starts at 1.5%. Assuming the gold price stays where it is or moves up, by about year four, we expect Virginia to be getting a royalty at the 3.5% rate, which is a very attractive royalty." More >

Brent Cook, Exploration Insights (10/5/14) "Congratulations go out to Virginia Mines Inc. as its Éléonore gold discovery, which was purchased by Goldcorp Inc., poured its first gold this week. Virginia owns a 2.2% NSR on the first 3 Moz gold produced at Éléonore. This royalty will increase according to the number of ounces of gold produced, though shall not exceed 3.5%."

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