RE:RE:RE:RE:RE:RE:RE:RE:RE:Ce n’est pas le moment pour une nouvelle!Mr. B I invest based on facts not maybe or sometimes mines can last 40-50 years. Fact currently the average life of a gold mine is between just over 16 years. That said, the life span is often based on exploration but also and often the cut-off grade being used at the mine. So as the gold price falls the cut-off grade rises and visa versa. Gold price rises cut-off grade goes down. Essentially what was economic ore that was economic as the price goes down and the un-economic ore becomes economic as the price goes up.
I am tempted with Victoria as they are highly leveredge to price! Lower grade mines are more leveredged to the gold price so if you think gold price rises Victoria shares will rise on a percentage basis more than higher grade deposits.
The big problem I have with Victoria is their payables ie money owed currently is Greater than the sum of their cash position and recievables. This might force them to do another PP at low share prices...
Note: Victoria and some other miners do not report AIC so you need to calculate it yourself but that can be difficult as things like what is sustaining and what is not sustaining costs is sometimes not clear or one miner may claim it as a sustaining and another may report it as a non-sustaining! Many of the large miner keep it simple for the investors and report both AISC and AIC. Kinross last quarter reported AISC at $1341 and it you read their actual financials they also report AIC at $1599!