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Victoria Gold Corp VITFF

Metals & Mining Gold
Victoria Gold Corp. is a gold mining company. The Company’s flagship asset is its 100% owned Dublin Gulch property, which hosts the Eagle, Olive and Raven gold deposits along with numerous targets along the Potato Hills Trend including Nugget, Lynx and Rex Peso. Dublin Gulch is situated in the central Yukon, Canada, approximately 375 kilometers (km) north of the capital city of Whitehorse. The property covers an area of approximately 555 square kilometers and is the site of the Company's Eagle and Olive Gold Deposits. It also holds a suite of other development and exploration properties in the Yukon, including Brewery Creek, Clear Creek, Gold Dome and Grew Creek. The Eagle West target area lies as close as 500 meters northwest of the main Eagle Gold Deposit and hosts the exposures of the granodiorite. The Raven target is located at the contact zone at the extreme southeastern portion of the Nugget Stock. The Brewery Creek Project is a past producing heap leach gold mining operation.


GREY:VITFF - Post by User

Victoria Gold Corp
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Comment by borepson Jul 13, 2011 12:33pm
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Post# 18826414

RE: VIT mentioned

RE: VIT mentionedWind,

I have e-mailed Katie from IR asking her to confirm Feasibility Study study completion in 4th.Q. She called me back recently. She is a fast talker but basically confirming that feasibility is on schedule and they have current Proven and Probable reserves of 1.75 mln., which they hope to increase significantly after feasibility. Also right now they have 4.8 mln. Indicated and 1,5mln. Inferred resource.
She also said that they are the only exploration company in Yukon with access road and the electric power line is only 25 km. away.
They already have the agreement for the power supply for 10 years locked rate of 10.2 cents/KWh. That's cheap.
To build the mine will cost 280 mln. dollars with total cost of 320 mln. dollars.
The drilling results coming soon.
As for the my question "why the company is so undervalued", she replied the working hard to restore the confidence of investors.

Good Luck.hbkpe
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