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.

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Victoria Gold Corp

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Post by HuskySWon Jul 14, 2024 9:26am

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Post# 36132032

No one is financing VGCX.

Kegman thanks for the post. Good points

IMO

The reopening of the mine will depend firstly on remediation (not perhaps in one big show, but a contract over time).
First Nations would insist on it.
No one I know in The Yukon wants a mess left in their backyard. This is not like even 50 years ago wher big piles of spoil, ore, hydrocarbons, equipment are just left everywhere to leach away and everyone just leaves to go on their way to the next mess.

Then IMO

The reopening of the mine will depend first on the numbers. ie: $$$
The more that is required in infrastucture replacement/repair or new tech the more $$$
To protect the environment will a replacement processing technology be required to replace HLP. $$$
Will management be allowed to stay if another company (as has been suggested) is allowed to take over? Usually the new take over company uses their own resources.
Most likely any current shareholders shares will be replace by the new company on a % basis.
PPL have implied I beleive that the current owner(s) and managmeent team are say like "self serving", etc. and "sacrificed" the mine based on debt load, forward gold requirements, loan payments and so on are just creating panic. Unless any one can prove that ppl deliberately went out of thier way to say "create havoc" at the mine or "burned records" that is just "sht".
Folks place your bets. is there enough inventory and will left to create wealth if any or all of the above are required?