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Victoria Gold Corp 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.


GREY:VITFF - Post by User

Comment by Nick2021on Jul 16, 2024 9:57am
90 Views
Post# 36134457

RE:RE:RE:Really?

RE:RE:RE:Really?This is why I wouldn't buy it:

- the most likely outcome is bankruptcy (total loss for retail investors)
- the next most likely outcome is a functioning mine that doesn't produce profits for anyone because of its gigantic liabilities which are the only reason it is permitted to stay in operation
- a barely possible outcome is a mine that takes on a vast amount of debt to survive, and after years and years of operation returns to a point where it can produce a tiny return for investors

The first of these is a total loss for investors; the second of these is a total loss for investors, the third is a tiny profit for investors which you get by accepting an unbelievable amount of risk for years and years, from a management team which has already shown their 'competence'.

Why not just make a good profit with less risk elsewhere?  What's special about Victoria to make anyone decide "Hey, this gigantic garbage fire is a good place for me to store my money?"  Gold is hitting 2450/oz right now.  Functioning miners are printing money.  Juniors are looking more attractive as takeover targets.  

I understand holding onto a terrible stock that you already own, I've done it myself; but buying into this?  It's amazing.  
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