Victoria Gold Corp VITFF

RE:RE:RE:RE:VGCX - November Investor Presentation

[HoneyBadger77]

Well Kegman, in a recent Banyan video I believe Tara mentioned that their treasury is well funded for the the coming year.  Moving too quickly on the Sabre assets is a possibility but I don't think the near term expenses should be much more than a few million dollars.

Paying off debt is already underway and John also mentioned this a priority in a recent video interview so I think he gets it.  We'll know more when the upcoming Financials are released this week.  When I last spoke to John several weeks ago now, I believe he mentioned they planned to pay down about $30 million debt in Q3.  They had no choice but to pay the $11 mil due in Q3 but the additional $20 mil would be in addition.  However, I believe our conversation was before the Sabre assets acquisition so some of the $20 mil may have been reallocated to that.  So debt repayment in Q3 may only be about $20 mil total but hey either way that would be a positive.

AISC will be near the upper end of guidance in Q3 as is already stated in the presentation but should come down in Q4 and into 2024 as production increases.   If fuel prices stay down and the CAD dollar stays or drops below .73 CAD that will also help.

Getting a ground manager from Couer does have to make you wonder whether Couer still has an interest in acquiring VG once they are sure things are on track.  Who better to know about what's really going on in operations than the guy on the ground.

And about the180K production and a $6 share price, what's even more amazing is that VG only has a 66.5 million shares float which means any decent improvement in profit going forward will be noticably magnified.  In other words it won't take a huge improvement in profit to stand out in the financials.

Trust? -  That will probably take a few quarters yet but trust will resume once things are proven to be back on track.