GREY:VITFF - Post by User
Comment by
MVargason Jan 14, 2022 7:53pm
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Post# 34319418
RE:An opportunity to get the answers you want
RE:An opportunity to get the answers you wantJust for fun, this is what one might expect as answers: Research67 wrote: 1)I'm wondering about Victoria's mechanical limitations, prior to project 250's completion; Does Victoria currently have the mechanical capacity to produce and stack 1 mil tonnes per month for a yearly total of 12 mil tonnes? If not, what is the mechanical capacity currently?
We have the capacity to exceed 1 mil tonnes per month.
2)What is estimated CAPEX for project 250 and will it be funded out of the current available credit?
Capex is minimal and will be funded out of cash flow.
3) How much of a production delay is expected during the construction of Project 250?
No production delay. If necessary, we can stockpile crushed ore from the primary crusher and process it once modifications are complete.
4) What is Victoria's strategy in delaying drill results for Eagle and Raven?
We are not intentionally delaying drill results. We have not received all of the assays from the labs and we will release them all at once when they are received.
5) Has the pressure to be acquired diminished, or is there still aggressive interest?
Can't really comment. We have signed NDA's with a number of companies but don't know or can't say what their intentions are.
Re item 1.:
1 mil tonnes per month won't quite cut it. 12,000 tonnes x 0.8g/t x 0.75 (recovery) / 31.1 g/t = 231K oz/yr. 0.8 g/t is already much higher than the FS reserve grade and as per the FS, grades are expected to decline.