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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Post by NativeInvestoron Sep 21, 2021 1:45pm

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Buying More

I'm buying more of Victoria. In the short run projections matter but in the long run it's all about the cash flow. Just produced 20000/month for the first time! The last time I checked 20000 X 10 = 200000 which was the original projection. With 250K not supposed to happen until 2023 everything is in good shape with debt being paid off and exploration continuing. I don't know why there is talk about a dividend unless they sell Banyon at a big profit down the road. I'd rather they keep investing in finishing the Eagle site, drilling and using cash to build the next mine with minimal debt financing. As long as they can keep the cyanide under control things are looking bright.

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