Victoria Gold Corp VITFF

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Artemis Phase 2 NPV released, can VGCX do the same.

[DonaldDDukc]

Replying your concerns

A few questions for you if you don't mind:

1.)  Could they instead take 1 day off every two weeks for maintenance with very little additional risk to a potentional breakdown and who is actually setting the once a week maintenance schedule, Victoria management or the equipment manufacturer?

No you cannot do that. You change oil for every 5000 km. It is like a recommendation from the engineers. but you can do 10,000. If you do 15,000 I think your motor is permanently damaged. 
The management is already going rough at the crusher. It is already on the verge of falling apart. 


2.)  Is any of the crushed ore being trucked onto the HLP,  in addition to or as an alternative to using the HLF spreaders during maintenance periods to increase / maximize ore stacking on the HLP?
It was discussed. They used to have a road dumping ore to HLF without crushing but the management decided the recovery rate is too low so they stopped . Now that road going from pit to HLF is sitting under the dump so it is impossible

3.)  You say you lost 30 days of crushing due to mechanical problems or other stupidy.  Can you better describe the mechanical problem and stupidity?  Are the mechanical problems preventable and is the stupidity being effectively dealt with by VGCX management?
While I dont want to blame anyone, some days are just from jesus. Some days are from human decisions. but sometimes we could blame jesus less.I shouldnt write out too much. 
Eagle mine catch 600 oz a day. Some is at crusher. Some is at pit. If you bounce around in Yukon, you might hear about how are prone to making things fall apart in pit but it also has something to do with parts. And that also have something to do with Mr. Trudeau's decision to decarbonize Canada. Off course in Canada, you can blame everything on Trudeau and people say yeah to that but that is almost equivalent to blaming jesus. You got to tie your own shoes. Jesus dont tie your shoes

4.)  Is the low ore grade (0.8ppm to 0.6ppm) perhaps the result of some ROM (Run of Mine) ore getting in the mix or why do you think this is occurring?

No . by design or 43-101, we are expecting 0.8 on average. We I talk about low grade, it is has something to do with unexpected outcome in the orebody model. Usually you get some dilution but when you get more dilution than expected and your rock is not shyt.( This is more of an underground thing). so you are not balsting garbage and you get garbage, it means your orebody model is little bit off. We do a lot of assaying to confirm grades in the pit against ore body. but sometimes we get 0.3 -0.5. 0.3-0.5 is not completely bad, it is just breaking even. It is not making money. Of course, you are not going to make to 200thousand oz with 0.5ppm. Not to mention that you only get 70 percent. (60 percent is like immediately out in 2 month but the rest 20 percent you are looking at erosion)

5.)  Any lastly, if you were put fully incharge of Operations, what would you do to fix all this to get production much closer to the 200K ounces target?
I would sell that piece of junk to the unfortunate people in Coeur or Barrick or Agnico Eagle or Kinross or whoever. 

One thing I've learned about managing is if you really want to know what's going on or fix a problem, you need to ask and work directly with the boots on the ground!  Most problems are solveable if you put enough heads together and I suspect this is no different. They're not building rocket engines here!
Of course you can. but if you mention a problem, some people think you are trying to make them look dumb to boot them. Then they get hostile. so I usually say nothing and do nothing unlike my early years. 

Thanks again for your insight DD (or DDD), I'm really looking forward to your reply as I'm sure others on this board are as well.

HB77