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 > The most important thing to keep in mind

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Comment by Gambler8888on Aug 14, 2021 9:37am

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Post# 33705913

RE:RE:RE:RE:RE:RE:The most important thing to keep in mind

Hello,

I respectfully disagree that all gold miners will follow from here "except in pog...and that's all miners anyways".

Both KL and VGCX reported q2 production on July 12. And since reporting q2 production on July 12, KL is +3% and VGCX is -18% (XGD is down around -4%) during same time.

I sold all my vgcx and bought kl after July 12, and on that trade I am up about +18% (+3% on my new KL shares and avoided a 15% drop on VGCX shares I sold).

Operational performance matters almost more than anything, and VGCX is in a show me mode for q3.

I am betting given the poor operational momentum from q2 that q3 will also miss and guidance will be revised down. That will result in further price pressure on vgcx, and it will further underperform KL during that time.

I agree with you that I risk a take out occurring before q3, and if that happens I will miss a long SPECULATIVE opportunity, but on a value at risk adjusted model, I can accept that because I see the risk to the downside from here over the next 3-4 months and I believe I can buy back in at a lower price after guidance is revised.

in summary though, I am a believer in the asset and i also believe anyone holding at this price right now will also be rewarded by the end of 2021, as I see the price of VGCX outperforming the TSX for Dec 31, 2021.

GLTA longs.

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