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Victoria Gold Corp VITFF

Metals & Mining Gold
Victoria Gold Corp. is a gold mining company. The Company’s flagship asset is its 100% owned Dublin Gulch property, which hosts the Eagle, Olive and Raven gold deposits along with numerous targets along the Potato Hills Trend including Nugget, Lynx and Rex Peso. Dublin Gulch is situated in the central Yukon, Canada, approximately 375 kilometers (km) north of the capital city of Whitehorse. The property covers an area of approximately 555 square kilometers and is the site of the Company's Eagle and Olive Gold Deposits. It also holds a suite of other development and exploration properties in the Yukon, including Brewery Creek, Clear Creek, Gold Dome and Grew Creek. The Eagle West target area lies as close as 500 meters northwest of the main Eagle Gold Deposit and hosts the exposures of the granodiorite. The Raven target is located at the contact zone at the extreme southeastern portion of the Nugget Stock. The Brewery Creek Project is a past producing heap leach gold mining operation.


GREY:VITFF - Post by User

Victoria Gold Corp > VGCX - November Investor Presentation
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Comment by MVargason Nov 09, 2023 2:53pm
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Post# 35726750

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:VGCX - November Investor PresentationHB, we'll see when the Q3 financials are issued how "incorrect" my comment is about decline of ounces in the HLP inventory.

In Q3, VG reported placing of 2.3 million tonnes of 0.65 g/t ore on the HLP.  Recoverable gold is 
2,300,000 x 0.65 / 31.1 g/oz x 76% recovery = 36,534 oz.

They "produced" 41,561 oz which means a drawdown of 5,000 oz from inventory.

Ounces in inventory is not much different than ounces in the ground in that they cannot be monitized until made into gold bars and sold and then Osisko takes 5%.  

I've leaned to take any comments from JM with a grain of salt.  The only truly reliable source of information is the audited annual financial statements.

The fact that they are now using trucks to place ore on the pad is not a positive development as it means either diverting trucks from the mining operation or the need for additional capital to buy more trucks.
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