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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 16, 2020 3:03pm
144 Views
Post# 31908083

RE:RE:RE:RE:Conference Call

RE:RE:RE:RE:Conference Call
OCB1234 wrote:
MVargas wrote:

What happened to your predicted take out in the 1st qtr of next year? :)
 


Ha, thought it would be in the $25 range by then making a take out early next year an easy layup for all concerned. Now I think they fight to hold off the vultures until they get production up and AISC down by end of 2nd qtr next year. Hopefully, it's a fight they win and an eventual takeout gets them back to that $25 target. They have some work to do. 


I don't know if there is much they can do to hold off the vultures until next summer.  The vultures will want to strike when they can make the lowest offer possible. 

All Victoria has left to regain credibility before then is to at least to meet their revised guidance for H2 which is not a very high bar.  We should get the production numbers in early January, but the financials won't likely be out until the required date of February 28.

They are even losing credibility on the re-financing of the debt - now claiming that it will happen "in the coming months".
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