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Vista Gold Corp. T.VGZ

Alternate Symbol(s):  VGZ

Vista Gold Corp. (NYSE American and TSX: VGZ) holds the Mt Todd gold project, a shovel-ready development-stage deposit located in Northern Territory, Australia. Mt Todd offers significant scale, development optionality, growth opportunities, advanced local infrastructure, community support, and demonstrated economic feasibility. All major operating and environmental permits necessary to initiate development of the Project are in place. A feasibility study was completed in 2022 and updated in 2024 demonstrating strong economics for development of a large-scale, 50,000 tonnes per day operation. Later this year, Vista Gold plans to start a feasibility study targeting 150,000 to 200,000 ounces of annual gold production with initial capital costs of less than $400 million. The Company is focused on positioning Mt Todd as a leading development opportunity.


TSX:VGZ - Post by User

Bullboard Posts
Comment by Snegamookon Mar 18, 2008 1:37pm
269 Views
Post# 14741311

RE: Seems like a bargain at $4.25??

RE: Seems like a bargain at $4.25??I agree with you but keep feeling I must be missing something. The property in Baja California looks like a goer. The sticking point is finding sufficient water. They are talking about piping 'gray' sewage water from town. I suppose they could fall back on desalinating sea water. The problem is not insuperable. Mt.Todd in Australia was mined previously but there was a design flaw in the mill that requires installation of different grinding equipment - again, not insuperable even if it is a bit costly. My bet is that in-house feasibility studies of both projects are positive. If they were not, there would be no point in hiring outside people to make studies. The promotion activity that the company is paying for currently does not seem to be helping the stock price. Others must see VGZ differently but I don't see why. Management is top draw so there is no problem there.
Bullboard Posts