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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 MVargason Nov 13, 2019 10:17pm
66 Views
Post# 30348386

RE:RE:RE:RE:RE:RE:RE:Guesswork based on presentation

RE:RE:RE:RE:RE:RE:RE:Guesswork based on presentation
NickelOne wrote: Multiply your cash burn by 30% during the winter months.

Start with a 1,000 oz gold pour in May and 2,500 oz in June....

Ooops, it seems like they are running out of cash!


Nickel, I would give these latest predictions as much credibility as your previous ones.  There are only a few of them:
  • a billion shares o/s before first pour
  • a $100 million share financing prior to first pour - amended to a debt financing 
  • a US$1,100 AISC cost
  • a share price drop to 30 cents in August due to an additional financing
  • a share price peak of 50 cents in 2019 and falling from there in 2020
A curtailment of operations during the winter months with no secondary crushing, conveying to HLP or stacking on the HLP and reduced gold recovery operations will lead to a 30% increase in cash burn???  3,500 total ounces poured in May and June???  

Don't continue to be an idiot!
Bullboard Posts
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