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 > Heavy selling today

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Comment by Whateverrron Jul 14, 2022 12:18pm

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RE:RE:RE:Heavy selling today

Woweee....Anything can happen for sure but I always make my guesses....(1300?) )I don't think it will go that low, may not even see low $1600 but $1300 will decimate the gold stocks. 50-55 oil per barrell ? I doubt it goes that low either. I think we are fairly close to the bottom in Gold, be surprised if it went more then $100 lower.

Pete1986 wrote: Agree, gold will drop significantly. Around 1300 USD will be a first solid bottom. Same with oil. As long as the price is still that high there are gonna come new producers all around the world which will flood the market. Thats always the same pattern. Oil goes up --> more producers wanna make money --> supply goes up --> oil price goes down, and vice versa.

So all in all, by year end gold price will be around 1300 USD and oil between 50-55 USD.

1 Mio dollar question, what is Vicotira gonna do. Positive is that with higher rates and lower gold pric,e also inflation will go down, so production costs will decrease. its more or less a balance. We saw it in the past, gold price exploded and a bit later costs went up significantly.

So lets see, I will start buying around 5 CAD. Just a couple of worse days and we will that share price level soon.