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Victoria Gold Corp VITFF

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.


GREY:VITFF - Post by User

Comment by Pete1986on Jul 09, 2022 8:37am
212 Views
Post# 34812655

RE:So Yeah This is Serious

RE:So Yeah This is SeriousFirst of all, we are talking about a deposit and not about costs. Sure, there are gonna be some costs assosiated with the deposit, however, this is not a big deal. 
Secondly, it was already known that there will be some more deposit reuirements. That's why the share price did not even react on those press releases. 

Currently VGCX is trading below 500 mio. There will be massive free cash flow once production runs as expected. Moreover, earning per share is one of the lowest in the entire industrie (except GCM, but that's not comparable since GMC is a top 3 company world wide).

Anyway, I also don't agree with constant managmenet bashing. Sure, communication can be improved, however, they get paid to make that mine run as planned. And they are on a very good way to achive that.
Last but not least, I said it before, John lost many millions on the sell off. However, he still puts fresh money in this company (we just saw an insider buy, he also bought share for half a million not long ago (yes, he were able to buy at 7,5 CAD, however, he still spent lots of money and kept that shares).

All in all the longer term looks fantastic, they just have to execute and keep the improvement pace. 

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