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 > Catch a falling knife

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Comment by Gambler8888on Aug 20, 2021 7:21pm

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Post# 33744082

RE:RE:RE:RE:RE:RE:RE:Catch a falling knife

What an unusual thing to say that you are not concerned about corporate governance…good corporate governance is a requirement for any replicable success, both in the short term (take out speculation), and in the long term of company building. one of the first rules of investing is not to fall in love with a stock.

Anyways, although I may have bought back in too soon, on a fundamental basis this company is really undervalued. I do not trust that McConnell can get anywhere near 200k oz/yr and aisc in the 700's. i think his over promise under deliver is now nearly priced fully into the market and so project 250k I think will be more like project 200k. Regardless, even if we can stabilize at 180k oz/yr with aisc around 1100, and also we will be free of collared hedges in 2022 so that would put us at a pe of around 5.5-6 stabilized. That is really really cheap for a gold mine in a politically safe jurisdiction.

even this management should be able to derive some value for the shareholders in the long run if your cost base is this low.

and if there really is a takeover bid, then that is like a free out of the money call option at this point in time.

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