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Victoria Gold Corp VITFF

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

Bullboard Posts
Post by shiftmanon Apr 04, 2013 9:05am
215 Views
Post# 21209324

price of gold

price of gold

Gold analysis think 1450 an oz

Are investors stating that unless gold is $2000.00 an oz  companies can't mine gold for a profit.

K. t mined gold at $250.00 an oz silver at $2.50 an oz many years ago at a profit.

So if companies cannot do this anymore lets ask the OSC to make some rules when gold reaches $1400.00 an oz  we ask the stock exchanges to not let companies raise money for gold exploration, or mine development  because well they can't mine for profit so all investors will lose there money.  Acually it would be a scam to rise money if its not possible to make a profit. So every company would have to make new disclaimers that we can't make a profit. Can you imagine Goldcorp or Kinross stating this who would invest with them or buy shares.

What it means companies like Kinross are not going to be able to pay the CEO 45 million dollar salaries/bonuses a year. Mining teams will be responsible for two or three mines now instead of one.

there will not be 35 % premiums offered to companies for their properties in a takeover.

Small companies like VIT will not be able to pay CEO's  3 million a year salaries / bonuses or the shareholders are going to blast them.

It means not wasting money the banks are going to make big bucks on PP's. There is going to be some belt tightning in the industry.

I believe they can make a profit at 1200 an oz gold, but they must operate with the idea to conserve cash.

Investors are going to be selective in which companies to invest, the ones that state the CEO is taking a salary is where the money is going. ( MUX )

 

 

 

 

 

 

 

 

Bullboard Posts