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.

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Victoria Gold Corp > Newmont says no Coffee

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Comment by DonaldDDukcon Feb 26, 2024 10:32am

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Post# 35898987

RE:RE:RE:RE:Newmont says no Coffee

about selling coffee.I dont think VGCX have enough money to buy it. VGCX makes about 150M extra a year. Recently they told everyone that they are going to do a share buyback program that could have cost the company as much as 20-40 M dollars. I dont know if that will be a business cost for tax reduction or not.

It is not profitable enough to mine

As for Coffee, lets say it cost 700M to build, And it pours 150k oz a yeat at 1200bucks per oz. They it should have NPV of 1.2 B. To increase NPV of 1.2 B, you spend 700M? Perhaps gold price is not high enough to make it interesting for investors yet but if Newmont wants money they can always spin it off into open market. They can finance it and build it and spin it off. but it may still be bad. VGCX only have 400M capital. You dont even recover the cost if spinning it off in secondary market.

Yukon is also a northern territory. They dont like foreign investors here, They can only sell it to NATO allies

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