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.

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Victoria Gold Corp

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Comment by SeekingAuon Nov 19, 2019 1:57am

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Post# 30368123

RE:RE:RE:RE:RE:Consolidation

Take a look to this for calcularting:

Profit = revenue - (total) costs, where Revenue = tonnes x grade x (1-mining dilution) x recovery x payability x price - (Royalties + streams) Costs include: Mining, processing, admin, corporate O/H, selling, permitting, exploration, marketing, financing, tax & legal.

Its very simple. You should calculate profit on a unit basis (Per tonne milled and per tonne/ounce/pound payable) and ALSO on a total per month/quarter/year basis. A good sign of a profitable mine is one which reports a profit without having to do fancy financial gymnastics.

Things like COC, EBITDA and AISC can be very misleading. Always go back to first principles and look at what might be missing. Its TOTAL cost that is important & if your REV is not enough to cover this, something needs to change and change fast or your Co. is going one way

https://twitter.com/NeilRingdahl/status/1196262829772460032

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