Victoria Gold Corp VITFF

RE:RE:RE:RE:short activity

[HoneyBadger77]

You're welcome, I appreciate the feedback!

Kegman and I hold a significant number of shares (along with MVargas and no doubt others lurking in the shadows here) so we both have a serious vested interest in this company.   To see VGCX shares trading at these levels and knowing that this beat down is largely due to short selling and small retail investors bailing because they don't know what to make of all this and so are selling out of frustration is quite frustrating to me and so I like to research and share as much as I can for everyone's benefit.  I've been investing for over 40 years and trust me I've had some real dogs and VGCX is not one of them.  They've certainly had their challenges and set backs this past year or so but I believe I can see the light at the end of the tunnel and I actually don't think it's a train this time...LOL.

Just looking at the 2023 Technical  Report that indicates a NPV of $954M CAD (after tax) at $1,700 US gold and AISC of $1,114US over the life of the project and subtracting the current $260M CAD debt leaves about $700M CAD divided by the 66.534M O/S shares equates to a share price estimate today of about $10.52.  I'm guessing that Kegman is using a similar valuation method that he's basing his sell point of $10 at.

Personally, I'm fully prepared to wait a another year if needed for gold to go back over $2,000 US, Victoria to get their debt down significantly, and annual production up to 200K and cashflowing $160M CAD annually.  When this happens (and I'm quite confident it will) VGCX share price will be back in the $15 to $20 range or the company will be taken out.

Everyone has their own risk tolerance and patience level that drives their buy/sell decisions and after 40 years of ups and downs, my risk tolerance is very high and I'm not in a position where I need to sell a single share.  Kegman mentions that "Pigs get fat and Hogs get slaughtered" and that $10 is a fair price and today.  He's absolutely right on both points but is $10 fair in 12 months from now when the price of gold is likely to be $200 to $300 dollars higher, VGCX debt is down, production is up at or near 200K?  Either way, it's pretty clear to me that VGCX shares are grossly undervalued at present with a market cap of $366M CAD as of today's close.

I'll gladly wait for VGCX "Fair" price of $15 to $20 by Q4 2024! 

HB77