GREY:VITFF - Post by User
Comment by
MVargason Feb 14, 2015 4:16pm
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Post# 23430809
RE:Interesting Write-up on VIT from Seeking Alpha
RE:Interesting Write-up on VIT from Seeking AlphaThat article also contains a link to an article in Northern Miner earlier this month where John McConnel is interviewed. From that article:
McConnell says Victoria’s management team meets with the banking syndicate regularly.
“They’re still ready to do the debt financing,” he says. “They’re not as concerned about the gold price as everybody else. They use a US$980 per oz. gold price long-term, and by their numbers, it’s still a good project — at US$980 per oz. it pays back the debt. But we have to wait for the equity markets to open up.”
Equity is not the only option. McConnell says Victoria is also talking to potential joint-venture partners.
“Maybe the best way to finance Eagle is to sell 50% of it,” he says. “We’re looking at those options too.”
- See more at: https://www.northernminer.com/news/victoria-golds-mission-build-yukons-first-major-gold-mine/1002996049/?&er=NA#sthash.vMTDmMrB.dpuf