Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Victoria Gold Corp T.VGCX

Alternate Symbol(s):  VITFF

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.


TSX:VGCX - Post by User

Comment by Nick2021on Jun 29, 2024 11:23am
139 Views
Post# 36112051

RE:RE:RE:RE:RE:RE:RE:Just an observation

RE:RE:RE:RE:RE:RE:RE:Just an observationThese are good questions that can't be answered in terms of facts, but they can be answered in terms of risk:

Risk One:  to survive, the company will have to raise cash at terms that are highly disadvantageous to current shareholders.  This is affected by the side of the environmental cleanup bill, the amount of time production is out, and the cost of repairing the infrastructure.  The first and third of these could be very expensive, and the second is unknown.  It's not guaranteed that the company will survive, in a way that current investors can benefit from.

Risk Two: lawsuits and liability.  Unknown, but potentially vast.  If the company is shown to be negligent, they may lose their permitting.

Risk Three:  loss of reputation.  This isn't a physical risk, but one to shareholders; owning the stock, you have to put your faith in a management team that failed.  This might not matter to you, but it does mantter to the financial people who will be lending them money.

Risk Four:  physical risk.  It's not yet certain exactly what will be required to make the mine functional again in a purely physical way.  The current management failed to build a physically safe mine the first time around, now they have the unstable remnants of their first attempt to consider as well.  
<< Previous
Bullboard Posts
Next >>