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 > Question: what happened to that casino gamble.....

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Comment by Greatdaysaheadon Mar 03, 2021 3:41am

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Post# 32702511

RE:RE:RE:Question: what happened to that casino gamble.....

Thanks for your comments.
Regarding the debt repayment, I read it a little differently; based on their page 31 Feb presentation:

- my 40M are just based on their estimated of quarterly payments for 2021 : USD10M. Maybe they refer only to capital repayment.
- the revolving facility hasn't to be repaid quarterly, only interest. Capital due by Ded 2023

But having said that and running the numbers, I have "slightly" bigger numbers thant their 40M USD:
100M$ facility :
a) capital repayment :8.3M USD per quarter = 33.3M USD for 2021
b) interest : 4% = about 3.5M USD for 2021
75M$ Revolving facility:
a) capital repayment : 0
b) interest 4% = 75M*4% = 3M USD for 2021
35M$ CAT lease facility:
a) + b) 12.17M CAD using exchange rate 3Q 2020 FS @ 1.3339 = 9.12M USD for 2021

Total : 49M USD

Anyway, 40Ms to 70M$ in 2021 won't be a problem @ POG 1700

Remarks : I wasn't sure the Water Treatment Plant cost were included in the projected AISC. If yes and if we consider that they have been conservative this time, we are in a good position. All things remaining the same, the next 3-5 months should be the weaker in terms of pps. After that, the so-long re-rating expectation could materialize !

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