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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Comment by Greatdaysaheadon Oct 13, 2017 4:06am

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Post# 26808240

RE:RE:RE:RE:Interesting little read

I am looking at the 8 pages report 07.02.2017:

Possible temporary link:

https://cdn.ceo.ca.s3-us-west-2.amazonaws.com/1cc64kc-20170310102511311.pdf

It is also based on a gold price of 1200 and exchange rate CAD/USD 0.75 (1.33 CAD for 1 USD) and a production start in 2018...Many other variables as the % of the projetct financed/unfinanced, the sensitivity of the IRR in a downside/upaside POG scenario.

Overall ranking of VIT in February = 7 (last page)

And the 1 USD target price is not "directly" linked to the 30% premium in my opinion. The 30% premium is an assumption to "current" price (i.e. 0.65 price --> *1.3=0.85) to calculate the IRR (internal return on investment) of the project for the acquirer....

So today's estimated IRR for the acquirer would be baseed on a price of 0.5*1.3=0.65 and will be much higher.... But the target price of the analyst could still be 1 USD. Said differently, cheaper is the pps, greater is the probability that an acquirer comes but with a lower offer than the target price of 1 USD. Does not mean it will accepted but this will impact positvely the pps.

If you believe that VIT is effectively a good candidate for a take over and that POG won't drop dramatically in the next 12 months, this is a good time to buy shares to lower your average price.

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