Victoria Gold Corp VITFF

RE:Primary Crusher – Commissioning with Rock

[MVargas]

OCB1234 wrote: McConnell's 'Pic of the Day' confirms Eagle now getting teed up with the Primary Crusher as MVargas and I predicted. If this doesn't render Nickelone's posts to the contrary meaningless, nothing will.

I expect the primary crusher to go into operation by June 1 and crush ore for stockpile until the secondary/tertiary crushers and associated conveyor systems are complete and commissioned by July 1. From July 1 crusher ore will be delivered to the Heap Leach Pad from the normal primary/secondary/tertiary operation (design 30,000 tpd) plus ore stockpiled in June over the July-September period as the secondary/tertiary crushers have a capacity of 39,600 tpd. Since it takes 90 days for the HLP process to leach out 90% of the gold, 90% of the gold recovered from ore placed on the pad in July will be processed in October, although some nominal portion may be recovered in September to mark a first pour milestone. Subsequently the gold from ore placed in August and September will be processed in November and December. If all goes according to plan, I expect VIT to produce close to 50,000 ounces in 2019 which at today's Canadian $ gold price would generate C$86 million this year. I also expect that there will be no need to raise additional funds this year. The last PP included flow-through shares that must (and will) be used for exploration this year. VIT will have approximately 858 million shares outstanding when they produce the first gold (not Nickelone's "almost a billion"). I would, however, like to see a 5:1 share consolidation. A share price of $2.50 with 172 million shares o/s seems a lot more appealing than a share price of 50 cents with 858 million shares o/s.