GREY:VITFF - Post by User
Comment by
HoneyBadger77on Jun 30, 2024 9:09pm
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Post# 36112936
RE:RE:RE:Da bottom line here is that VGCX caused the damage
RE:RE:RE:Da bottom line here is that VGCX caused the damageOK m8magic, so let's assume Vic gold walks. The $104 million bond is secured by the ounces in inventory on the pad. But according to some poster last week (actually might have been you), that inventory is likely lost, it ran down the slide, 27 million gallons of solution mentioned I believe it was (again speculation), and who knows where it ended up (again speculation not Fact, at least yet). So if this is true, do you think the bond company is going to cover this if VG walks? Or maybe the Yukon Government will pony up for the costs instead? No, the bond company and YK gov't are going to want VG to pay the bill (again if the damage is massive as is being speculated) and once VG knows what that damage and cost is they will no doubt make that decison. And the only way VG will be able to fix this and pay will be if they're still in operation and not bankrupt so I guess we'll see.
HB77