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 18, 2019 11:21pm

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Post# 30367932

RE:RE:RE:Consolidation

PulpCutter wrote:
OCF x 9 = market cap is a decent value yardstick, assuming Tier1 jurisdiction, long mine life, etc..

(200k x $700 OCF/oz x 0.8 margin )/9 - 290M debt = 830M market cap at $1450 US gold vs our current 390M

That 0.8 margin for error stays until VIT has verified the 200k and 750 AISC, via being in stable production. Others are certainly welcome to state whatever your estimate for that margin is, and/or value for other assets like Nugget, but the above IMO makes it easier to at least decide who's making a sane argument.

Pulpcutter, I can't quite follow your numbers. I think you are mixing up C$ and US$ numbers. The AISC is in US$, the $290M debt is in C$.

I agree that an OCF multiple of 9 is reasonable as well as your 0.8 margin until forecasts of production and AISC are proven.

So in C$: 200k x $700 OCF/oz x 1.32 (exch rate) x 0.8 x 9 = $1,330M - $290M debt gives a market cap of just over C$1 Billion, compared to the current $395M.

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