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 > Future Of Reality - AISC

<< Previous

Bullboard Posts

Next >>

Comment by Whateverrron Apr 30, 2021 1:53pm

193 Views

Post# 33102334

RE:Future Of Reality - AISC

Exactly !!!! Internal thoughts at VG are that they hope the nugget/raven area is 1/2 the size of Eagle, possibly as low as 1/3. Larger then 1/2 if they are very fortunate. Pumpers here say " well the AISC is close to industry standards" yeah but our starting point was, we were told dozens of times "conservatively sub $800 easily" and they were hedging their bets. Cheerleaders always default to some non-sequitar ideology when the original narrative falls apart. Some of the posters, further think they can run all of it simultaneously through the system (nugget/raven, eagle and and the Banyan claim they gave to John's wife) haha.

RatPatrol wrote: It's early for shareholders to sing Glory! Glory! to this share price.
Now let's lookee here for tidbits gleaned from around Dublin Gulch that may make that stock price..

NOW 70 TIMES EARNINGS.....

Go this way or that.

AISC is a figure that, once established, can become difficult to move.
And the geology of Dublin Gulch appears to deliver small to medium deposits
of moderate to high grades.

1) Raven - It is said that Raven is " the Second largest cretaceous granodiorite intrusive body on the Dublin Gulch property". IF it becomes economic, a haul road of about 15 km will need to be built.

Two things here -
Raven may not be as big as Eagle....
and...
To connect to the mill...
That's going to be some mighty haul road.

AISC may not fall as a result of the expoitation of Raven.

2) Buying Puts - Miners SPEND MONEY to buy puts to lock in prices.
To adopt that strategy, you have to have NO CONFIDENCE that gold prices will rise.

Downside is that you MISS making more money $$$$$

ALREADY the AISC is high and you are blessed (at least today).....
With a 70 multiple.
And a high AISC.........

BUYING PUTS is a FAULTY STRATEGY for Victoria Gold.

We c.......

JMHO