Victoria Gold Corp VITFF

RE:RE:RE:RE:RE:RE:VGCX 2021 Q3 Production 55,827 Ounces

[HoneyBadger77]

Yes,  I understand that whether you pay US debt in US dollars or convert the US dollars to CAD and pay the debt at the CAD equivalent it's the same thing.  That's why I put in brackets (excluding principle and interest) but reading it again, I can see how it may not have been that clear.

What I was saying or at least thought I was saying is that setting US debt payment costs aside, for every US dollar that VG receives for the sale of an ounce of gold, that it doesn't use (or need to use) to pay down their US debt. that US dollar when converted to CAD currency = about $1.30 CAD in extra cash flow.

 And so since VG pays salaries and fuel in CAD dollars, the less US dollars (received from gold sales payments) that are needed to pay down the US debt, the more US dollars there are available that can then be converted to CAD dollar currency for use to pay salaries, fuel, etc in CAD dollars. 

My main point being that if VG had no US debt whatsoever they would have about $1.30 CAD for every $1.00 US received in payment for gold sales.  In other words, as the US debt gets paid down, eventually more profit received in US dollars becomes available for conversion to CAD currency which equates to more CAD dollar cash flow and/or EPS which is reported in CAD dollars.

Hope this is more clear.

HB77