RE:RE:RE:RE:RE:RE:RE:Victoria Gold - Banyan gold I appreciate the reminders not to fall in love, and at the same time think the victoria / banyan framework somewhat unique compared to the usual risks and timeline to production for a junior like byn, which is why i love them so much LOL
- Next door Victoria and Alexco operations assistance
- Drilling on a shoestring budget off the main highway, powerline
- Steady stream of positive drill results this year
- Same government and indigenous as Victoria
- Money to build the mine will be easy to find with however the whole VGCX possible sale works out or doesn't... with VGCX as a major shareholder and the friendly Boards and husband/wife angle. Many juniors eat up a lot time just waiting for financing
- Same open pit simplicity, mineralization and proven cold climate success as Victoria
- Dinner table conversation from drill to production at Victoria between the two CEOs
- Tara has already begun the permitting process
- Add all these points up and the usual many-years timeline to production should be shorter and at less risk of the usual finance waiting game and path to production hiccups
- Predicted resource from 900,000 to between 3 and 5 million in H122 is a huge jump
- Tara Christie just bought half a million dollars worth of stock on the open market.
- Yukon mining hasn't received the media coverage of say Newfoundland or Ontario, and the consequent trader investment from those who do already invest in miners
- Little generalist investor money in Victoria or Banyan, so what a wonderful place to hide if the overall stock market corrects, both companies with predicted rerates in the next 12 months
- If the generalist comes to gold miners both companies tick the jurisdiction box, and the world miners news flow and geopolitical atmosphere only seem to strengthen the case on a weekly basis
Having said all of this, I am still learning to play the game more like you suggest kegman :) The 1 year timeline payback filter is a great way to invest in this space. Still have made the mistake of hanging on to a company through a long lull just because the fundamentals are strong. Sandstorm over the past year and a half is a great example. Victoria, I've managed to trim and add a bit with the market flow, but not nearly enough in hindsight. Now I'm just long on both byn and vgcx.
As the picture becomes clearer in the next 8 months say, on drilling, ownership and dividends with vgcx, and on drilling and production path for byn (and possibly ownership), I will be reevaluating positions in both. Hopefully in the meantime there's some rerates. I think the odds for a near term BYN double are higher, while this bullboard discussion suggests VGCX climbing to between $20 and $30 in the same timeframe... whether alone or bought out/merged.
p.s. I've painfully waited on SSL this long, I'm not selling now, they're promising dividends for 2022 and Hod Maden should finally get the green light despite the delays.