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 NickelOneon Apr 26, 2020 10:39am

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Post# 30954583

RE:RE:RE:RE:RE:RE:RE:RE:RE:Patience Wearing Thin

phoenix_trader wrote: Just a few missed points:

All $ figures are US$, Victoria Gold reports in Cdn$.
Nordgold issued US$400 mill 5 year Eurobonds last October.
The Gross mine employee total at y/e was 1010, Eagle about 350.
Basically, the mines are identical. The Gross mine is by far the most profitable of Nordgold's operations and 2020 exploration priority is on similar projects in Russia's far east.
Do you not agree that with 2019 US$ 283 million EBITDA from the Gross mine, the potential for Eagle in 2021 is at a minimum the same.
Gross's exceptional profitability enabled Nordgold to pay a dividend of US$ 53.3 million to the shareholders.

Phoenix_trader - I like the dialogue we are having here, is educational. As I said I did not know anything about Gross Mine, but I do know a lot more now...

Nordgold are smart and they have deep pockets backed up by good assets.The 400M @ 4.125% Eurobonds are something Victoria Gold can only dream about. The order book was two times oversubscribed, which speaks confidence in management team.

I would love if VGCX would pay a dividend, I hope they do! Based on the numbers they project they should pay a dividend. I am certain they will boost management salaries and bonuses, but I doubt they will pay out a dividend in the next 3 years. I hope they prove me wrong!

I lost count of the capital costs for Eagle Mine, they are now well above US$400M (debt and equity).

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