Victoria Gold Corp VITFF

Yes News Out - You're Welcome!

[HoneyBadger77]

It just amazes me how some posters will complain about no Operational Status Updates news for days but won't take the time to simply contact the company to get information.  I guess if you're a day trader or shorting the stock then it makes sense.

 I'm not a day trader or shorting the stock so I emailed JM on Friday seeking info and suggested that he put out an Operational Update before the shorters, day traders,and hedge funds drive this stock any lower.  He replied to my e-mail in about 10 minutes and agreed that putting out an update was a good suggestion and watch for it on Monday.

So the update comes out today but I see he missed one important point in addition telling us all that full production and operation resumed on Aug 11th and that supply chains had returned to normal.  I had asked him if there was any damage to the mine site (buildings, equipment, etc.) as a result of the wildfire and he replied that no damage was sustained.  This is an important point because no damge equals no huge unforseen cost expeditures!  I also asked if he had any photos of the area around the mine after the fire that he could share and he sent me 3 photos which show that although the fire got close, it was contained far enough back from the immediate mine site area.  I'd post those photos for all to see but stockhouse won't allow photos (they'll probably be on VGCX website in future).  I was surprised at how much green there still was and how the fire burned out patches in between as it worked its' way up and down the hills and valleys.   It must have been pretty scary at the time.   Bottom line, the fire is definitely out and no visible damage can be seen to the mine site. structures, equipment, etc.

So it would seem that we lost about 1 to 2 weeks of full production and stacking which by a very rough estimate should be about 4,000 to 8,000 ounces of lost production.  Therefore, barring no further unforseen circumstances for the remainder of the year, I'm looking for production to be in the mid to upper range of previous guidance versus toward the lower end 160K as JM recently revised.  So lets hope this turns out to actually be an underpromise - over deliver story by year end.

Another question I had for JM (which I'm sure alot of you want to know) is why the website hasn't been updated since May when it had been regularly updated monthly to that point, and when I might expect to see it updated?   He didn't answer that question ....yet.  I stressed the importance of keeping that up to date as it is an excellent source of info for investors and I suspect he'll get to that soon enough.

Hopefully this helps to provide some further clarity for those who are either too shy or lazy to ask.