How much for a buyout now? With over 58 million in the bank, and a mkt value of 81 million(0.24) net 23 million
And what value of oz in the ground, -plus the camp, plus nevada assests.
Net answer is Eagle is worth
.00
Willing to listen to "new" ideas, not a rehash of ,when POG goes up(it is) Not when permitting happens, has been pushed back three times. Not when production starts, has been pushed back over three years from initial study.
Where is senior management, with some updates and specifics on what is progressing, and what is not, as well as what they are doing about it.
Inquiring minds want to know?
TORONTO, ONTARIO -- (Marketwire) -- 06/26/12 -- Victoria Gold Corp. (TSX VENTURE:VIT) ("Victoria" or the "Company") is pleased to announce the closing of the sale of the Cove McCoy Property and to provide a current cash and working capital update.
"The closing of the sale of the Cove McCoy Property leaves Victoria with a strong balance sheet as we progress our flagship Eagle Gold Mine through detailed engineering and permitting," said John McConnell, President & CEO.
On June 14, 2012, the transaction whereby Victoria sold its interest in the Cove McCoy Property was completed with Victoria receiving cash and securities. See Victoria press releases dated April 10, 2012 and June 5, 2012.
Selected Balance Sheet and Working Capital items as at June 26, 2012
---------------------------------------------------------millions of Cdn$ --------------------------------------------------------- ---------------------------------------------------------Cash and cash equivalents (1) $30.6---------------------------------------------------------Marketable securities (2) 8.3---------------------------------------------------------Accounts receivable, short-term (3) 11.0---------------------------------------------------------Accounts receivable, long-term (4) 10.0---------------------------------------------------------Accounts payable (5) (3.6)---------------------------------------------------------Other working capital (6) 0.5---------------------------------------------------------Total $56.7---------------------------------------------------------