GREY:VITFF - Post by User
Post by
NickelOneon Mar 15, 2018 7:34am
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Post# 27718469
Building the largest hard rock mine in Yukon
Building the largest hard rock mine in YukonThere was no better time to build a new gold mine in Yukon than it is now. And VIT is doing it.
1. Grid power - VIT has a deal in place to connect to Yukon grid. Yukon grid may not have the capacity to support another large mining operation. VIT secured the power, they are in the game.
2. Build now when the POG is consolidating and start producing when the POG is skyrocketing. Where will the POG be at the end of 2019 or in 2020? Definitely not at $1150 or $1350/oz.
3. Exploration upside - there will be exploration in 2018 (see page 17 of the March presentation). VIT has a VP of exploration, he is more than capable to run a good exploration program while everyone else is working on building the mine. VIT did not get much credit for its exploration results in 2017, however things are about to change with a producing mine by the end of 2019. Any ounces in the proximity of Eagle will be mined, they will not be just ounces on paper.,,
4. Sun Valley and Electrum were acting like they were owning the entire VIT, not just a small percentage. Respect to John for pushing forward and closing the deal, instead of being held prisoner in his own house by passive investors.
GLTA