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Bullboard - Stock Discussion Forum Victoria Gold Corp T.VGCX

Alternate Symbol(s):  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... see more

TSX:VGCX - Post Discussion

Victoria Gold Corp > I think there is a very good of a restart.
View:
Post by Routan on Jul 18, 2024 3:48pm

I think there is a very good of a restart.

Only 5% of heap left containment. They only use a 2% solution of cyanide. When exposed to sunlight has a very short half life and breaks down to a non toxic form quickly. So as the regulators said there is very little danger. It is not like most chemical which can hang around for years after a spill. It seems clear to me that everyone is just trying not to say the wrong thing. There is clear agreement that Victoria and the government need this to restart. Their economy needs this and the company has bills to pay. They need to get the heap leach pad operational. It won't take that long for the engineers to come up with a plan. They are already mandated to stabalize HLP and slumped material and have submitted a plan for the government approval. Look there is a lot of noise from speciai interest groups and the media over hyping this situation. I heard it mentioned today that they wished VG would give more updates on the progress they been making. You can understand legally why they are hesitant to put out too much news. The government has said more than once that VG is in charge of the site repairs and cleanup. They are removing any contamination from the water and will be increasing their capacity to treat all runoff over the next week or two. They mentioned they are pumping water through the leach pad already. Clean water is being released. This is not the disaster everyone is trying to make it out to be. Very fixable.
Comment by Singoa58 on Jul 18, 2024 3:53pm
It's toast  no one will lend them money done like dinnet 
Comment by Routan on Jul 18, 2024 7:56pm
They have money. It will not cost much to move the slump around the TOE (base).The pumps and piping are located there. Make the repairs after HLP is stabilized which their plans have been sent for approval. Get that circulation going again as there are millions of dollars already stacked (80,000 oz.) They also have 30 mil in cash as of last quarter. At least 50,000 ounces produced 2nd quarter ...more  
Comment by HuskySW on Jul 18, 2024 8:21pm
Please show the not cost much numbers. Is VG  saying the pumps and infrastructure slide and are  at rhe TOE.  Please provide report.. Please show remediation plans for approval. Please provide list of lenders. Please state who pays or employs you. Please state your interest. They are already pennies on the dollar. Yes they have everything to lose moving forward retail has already ...more  
Comment by Routan on Jul 19, 2024 12:10pm
Just an investor. Video from VG website showing gold recovery process shows pumps at top of Toe https://vgcx.com/investors/video-library/one-minute-video-series/gold-recovery/
Comment by mdjbrown on Jul 19, 2024 12:24pm
Thank you Routan. Every post slide photo I have seen appears to show the Gold Recovery building completely intact and not damaged by the slide, so if the HLP sumps are still operational and not damaged, they still should be able to pump the slury to the Gold Processing plant to produce gold bars, which of course will help offset costs of remediation efforts.
Comment by HuskySW on Jul 19, 2024 12:39pm
Thanks jbrown, From what I know (and it's not much) to create a pregnant solution that is OK for processing by the GRB (appears intact) is an issue under the current HLP condition. Perhaps bring a portable plant in I've posted links perviously. :) IMO What is going to be harder is to get EMR to reinstate the license for any proposal.  EMR and First Nations, on a restart, Is going ...more  
Comment by Routan on Jul 19, 2024 2:45pm
Obviously the pumps are covered from the slumped material. So that area needs clearing. What I am cuurious about iis the overflow discharge gravity flowing to the EVENT pond  which Ii belleve is for rain events. That pond is piped to the water treatment and  gold  recovery Bldg. It may be faster to drop a suction line down that access point so to  a portable pump. Discharge ...more  
Comment by HuskySW on Jul 19, 2024 3:49pm
Please expand with a CAD  file redering of how this would look. I'm not able to vizualize your meaning. I'll orward it to JM and mine manager if you like. Thank you Best
Comment by Freezerburn on Jul 18, 2024 3:57pm
LOL... You can scoop a bunch up at .69... go for it!
Comment by HuskySW on Jul 18, 2024 4:12pm
Please show the agreement, discussion, link or agreeing party(s) for your assertion to the following "There is clear agreement that Victoria and the government need this to restart" Thank you
Comment by Singoa58 on Jul 18, 2024 8:08pm
The environment comes first regardless of  what the economy wants... it will be mothballed period  stock has zero value so a gift to get .65 a share
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