Victoria Gold Corp VITFF

RE:RE:RE:Yukon and Water Board are Not Messing around,

[givemeabreak1]

Some of the stuff on this board is really confusing!  Optimum leaching is not 45 days to be clear no one has optimum leaching at 45 days.  Leaching is typically 45-90 days with optimum at 90.  Highest leaching often occurs at 120 days but the gain from 90-120 is often very low hence not optimum.  

As far as a liner.  The liner always goes first.  Imagine building a swimming pool liner type with no liner guess where the water keeps going.  Simple answer down ending up your neighbors well lol.  Good news is gold is heavy so if you let all the water seep into the ground water you would end up with gold at the bottom of the pond lol.  Jusy kidding of course.  (I suppose)

Yes they would have revenue at the end of last quarter given they produced for most of the quarter but the bulk of the revenue would be applied against prior payables and current operating expenses.  And yes while you can delay trade payables but any debtor has the right within 10 days notice to try and force them into CCAA or bankruptsy.   Usually trades do not do this as their best hope for full repayment is for the company to be operating.  That said,  the longer you wait can also mean less available to repay. 

Now we get to the mining bond.  Yes YT can use the 100 plus million mining bond towards clean up but that brings up a whole new set of problems.  The bond is designated for land reclamation not to bail out a mining accident.  Yes the accident I suspect would be considered reclamation if the operator is no longer in business.  

At anyrate just this mans opinion and thoughts nothing more nothing less.................My guess it is going lower and then into CCAA and that will be sooner than later as that is the best way to conserve value.