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.

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Victoria Gold Corp

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Post by adoraon Mar 30, 2012 3:39am

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Post# 19737273

No more dilution before production?

In the new webast (https://www.wsw.com/webcast/vir9/vit.v/) Marty says that Victoria have a deal to get up to $250 million in loans to finance the mine in Yukon. But they beleive only $170 million will be needed, the rest will come from asset sales, probably Mill Canyon?

This was news for me and is extremely bullish, you can buy the stock today at a mcap of 100 million, in two years they will earn about 300 million/years a these goldprices, valuation of 10x cashflow is normal in the sector. I think its reasonable that Victoria is valued at 2-3 billion in two years.

What do you think?

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