Victoria Gold Corp VITFF

RE:The Elephant in the Room

[HoneyBadger77]

The leach pad is unstable is it Oregonduck?  The whole pad or just a portion of it?  And if a portion which portion? You make it sound like the whole Phase 1 area of the pad is unstable and I highly doubt that.  Unstable near where the slide occurred that moved 4 million tons of ore, 2 millions tons of which is believed to have left containment, that's a reasonable conclusion for sure.  Until I see an engineer report that shows the exact starting point of the slide on the pad itself and the exact path that the slide took, I'm not convinced that the pad damage is as bad as some here think.

I posted two links earlier today showing the pad (pre-slide) from the bottom up and the top down and if that entire pad is unstable, especially in the less sloped areas, then the engineers that designed this thing have got some serious explaining to do along with the EMR who are responsible for overseeing its design, approval, monitoring, etc..

To my knowledge, the cause of the slide and extent of damage to the pad has yet to be fully investigated and a final report with factual evidence released.  Now I realize it's human nature to suspect the worst, just like the environmental impact was initially being assessed by the armchair quarterbacks as 1000 times worse than it's now appearing to be (the worst environmental disaster in Canadian Mining history I believe was what was being thrown out there).  With the Haggert Creek water samples now showing ZERO cyanide or metals in water samples 2 kms downstream, it wouold seem that a crisis has been averted (subject to further sample testing in the coming weeks).

So I guess now that aspect is less likely at least to that 1000x extent, the next thing for the armchair quarterbacks is to assess full doom and gloom on the leach pad too, until it is determined that it's maybe not quite as bad as initially believed.

As mdjbrown says, KEEP IT REAL  until you know the facts, but then how are the short sellers going to get the stock to zero without going full doom and gloom?  If the entire pad was done, I highly doubt VG would still be around spending company funds to try to help resolve this situation.

The Yukon government and EMR are going to want to fix this and study it for years to come because there's a lot of knowledge value to be gained to prevent a similar event not only in the Yukon but for mines around the world.  And with 20+ years of reserves to mine, I highly doubt this project will be mothballed.  If engineers can build the Panama Canal and many of the many engineering marvels that exist today, I'm pretty sure they can fix this too.

Give this another month to see what progress is made and then we'll all have a much better idea where this is going.

My opinion only for what it's worth.

HB77