Victoria Gold Corp VITFF

RE:Equinox pays $1 Bill for 40% of Greenstone.

[RatPatrol]

PT, a little learning can be a VERY DANGEROUS THING.

I believe you are struggling to make a couple of points in an effort to attract buyers to Victoria Gold stock.I'll try to address without turning this into a course. 

Jump in anybody else!

1) AISC for Artemis' Blackwater Mine is expected to be $578/oz. AISC for Equinox' Greenstone mine is expected to be $890/oz.

These figures are a LONG WAY from Victoria Gold's current AISC.

2) The more IMPORTANT point is that both your examples are in DEVELOPMENT.
Victoria Gold is in OPERATION.
So as I said in an earlier post you are comparing APPLES to ONIONS.

To compare projects or mines for sale (or takeover) requires IMO a sensitivity analysis with inputs.
Here is a short, incomplete list:
                                                    Mine size
                                                    Grade
                                                     Location of mine
                                                     Location to rail
                                                     Strip ratio
                                                     Cost of mining
                                                     Cost of processing
                                                     Tax jurisdiction
For one small example, Greenstone"s reserves are 10 Million ozs. at a grade almost DOUBLE that of Victoria Gold's. These differences need to be given values for comparison in order to arrive at a price.

Having said this, others on this board may jump in with different analysis tools which may yield different results. 

                                            That's why we have a market.

BWDIK ?
DYODD