RE:Analyst rec - Target $23 Haha, cool.....Heiko is a character and great guy. Sharp, discerning and detailed in what he does as an analyst for sure. And equally, is quite festive socially and a riot to hang out with ( not sure if he still spins at that speed though).....During one Dublin Gulch visit along with other Yukon company boots on ground excursions he was nursing a recently inflicted rather big 'ouch' on his head from running in to a plate glass window slider, lol. The details to how it happened was quite amusing and entertaining especially when told by him. Fun times talking fast cars and playing poker or having a libation in the middle of nowhere with him.
Yes Victoria can achieve more and represents good value if they perform as he notes BUT to say there is "property wide potential" imo is a bit too blustery here and now in 2022. That statement held more merit or hope a decade earlier. They have drilled out quite a bit close to Eagle with marginal to zero reasonable results. With that said, Nugget/Raven and perhaps a few other pockets could be economic and worthy. This is important for to VG to prove up among other increased efficiencies at Eagle that need to take place.
Is this the first time Heiko has covered VG? Hmmmm - that is surprising. I think he has been with HC for quite some time and at Euro Pacific before that.
$23 is quite lofty and I am not sure if that target is a 12 month window but everything would have to be glowing and amazing on all fronts at Dublin Gulch plus several hundred more in POG to say the least.
phoenix_trader wrote: The Globe and Mail reports in its Tuesday, Sept. 27, edition that H.C. Wainwright analyst Heiko Ihle began coverage on Victoria Gold with a "buy" recommendation on Monday. The Globe's David Leeder writes in the Eye On Equities column that Mr. Ihle set his share target at $23. Analysts on average target the shares at $18.31. Mr. Ihle is excited about the potential of Victoria Gold's Eagle Gold mine in the Yukon as it nears full production. Mr. Ihle says in a note: "Victoria Gold's Eagle mine maintains a strong resource base that is estimated to provide a 13-year mine life based on an average production rate of 200,000-plus ounces (oz) of gold per year. Notably, we view this production rate as the baseline given meaningful property-wide potential at Dublin Gulch, as Victoria has targeted growth expansion projects going forward. Longer-term, Victoria expects to increase production to 250,000 ounces of gold by late 2023, while management has also reiterated its intention to grow the project's mine life by 10 years to 2040. This expansion is expected to come from additional ounces below the currently planned pit, while margins of the Eagle deposit have also indicated the existence of easily accessible ore."