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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 Armcorpon Jun 24, 2019 5:49pm
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Post# 29857938

RE:RE:Ouch

RE:RE:OuchWell they have sure shown they had no idea how to cost out the construction, since they are WAYYYY over the FS figure (see recent IKN blog).   The construction must have been a pig wallow for the companies involved. I would not be the slightest surprised if VIT went even further over budget, or even ran out of cash before positive cash flow shows up. In fact this likelihood is the only possible explanation why the share price has not taken off along with the price of gold this month.  Check out what every other producer out there has been doing since June 1, share-price wise.  Everyone on the inside is afraid to put any more money in, except on exorbitant terms I expect.   Let's face it, if this mine was going to be such a money-maker, why haven't the insiders like Kinross and Sun Valley been stepping up?  What are they afraid of?  Victoria is talkiing about exploring and developiing new sites - if all of the net cash flow goes there, what's left for shareholders?  This company can go for years without making a profit for us.
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