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Victoria Gold Corp VITFF

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

Bullboard Posts
Comment by Greatdaysaheadon Jan 06, 2020 9:02am
254 Views
Post# 30521366

RE:RE:RE:RE:POG

RE:RE:RE:RE:POG

In CAD, POG is at CAD 2040.

40'000 oz of 2020 production is hedged at CAD 1500 with a "roof" price @ CAD 1936. So VIT will have to pay some cash to Macquarie.
Does someone knows the maturity date of these 2020 (year) calls sold by VIT ?


For their presentation:
100,000 ounce zero-cost collar 40,000 ozs in 2020, 60,000 ozs in 2021 Floor price is C$1,500 per ounce. (purchased put options) If gold price falls below this price, we will receive a payment from Macquarie. Payment = C$1,500 less actual price multiplied by # of hedged ounces Roof price is C$1,936 per ounce. (sold call options) If gold price goes above this price, we will have to make a payment to Macquarie. Payment = actual price less C$1,936 multiplied by # of hedged ounces

Bullboard Posts