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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 > $2900 Cdn Au price today
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Comment by Greatdaysaheadon Mar 07, 2024 5:39am
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Post# 35919773

RE:RE:RE:RE:$2900 Cdn Au price today

RE:RE:RE:RE:$2900 Cdn Au price today

Yes and No.
Buying Put for hedging purpose is as buying an insurance : you pay the price upfront and hope not to have to use it.
disadvantage : you use cash spot. You pay a premium (ie time, volatility) 
advantage : your gain are not capped in case POG surges
Question : how much did they pay, quite out of hthe money today but maybe they bought them when POG was around 1950.

If they had sold forward the oz instead of buying a protection:
advantage : no cash to use and you get the contango in a normal market (cost of storing the asset)
disadvantage : you are capped. ie 34500 oz for 2024 at an average of 2057 (lower the first 3 months, higher after). So about 20% of 2024 production is "sold" at 2057 whatever POG will be.

 And about 20% the production is protected below 1800 USD ! Not to mention that we will be in a big mess at this POG prices... 

 

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