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.

GREY:VITFF - Post by User

Victoria Gold Corp

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Comment by powermanon Feb 18, 2019 11:00pm

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Post# 29380602

RE:RE:RE:Cost per tonne

Well if they have 4 million oz and they are estimating 200,000 oz per year then that takes 20 years to mine it out at what ever cost. Otherwise my calculations are based on a 13.5 year mine life and speculation of further years due to additional gold prospects.

Since they have not released their labour, fuel, supply, utility etc costs I can not calculate the cost per ton to mine. If you say it is $1000/ton so be it; But I can estimate the cash flow per tonne and then anyone can do their own cost per tonne for mining based on their aisc. Agreed that that number is pretty much a promotional number.

I have several miners who use $1250 /oz in their calculations, so do I. If you are a real gold bull you can use $1400 if you like but that is not for me. Sorry if I confused you sir.

I see good value here so I am sticking with my investment and don't mind waiting to get full value for my shares. If you have sold your position, good for you. DF

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