Victoria Gold Corp T.VGCX

Root cause

[iwasgold]

I can't be bothered to read back through all the posts, so I hope I am not repeating someone. I am amazed from pictures of the HLP how steep the hillside is there. I wish I had thought of it before, and dumped my shares, but this is not a black swan - it was totally predictable without engineering training. Basically they coated a hillside with thick rubber, dumped sand on it, and irrigated the sand as fast as they could to get the gold out. They made a slurry on rubber sheets!  Even on flat ground it would slump out, but throw in a slope and the thing had to happen eventually. I don't know if the cyanide addition rate exceeded engineering limits, but I would not be surprised if it did, given the pressure for production results. I have to think that whoever the engineering company was who designed the HLP should go bankrupt too. Lawsuits will continue. I imagine the receiver will sell off all the assets of Victoria, ie Brewery, Banyan etc. One day someone might take a crack at raven even.  Ultimately the blame lies with JM, and us for not doing a better job holding his feet to the fire. The mine was a gong show from the start. They never knew what they were doing, and kept us in the dark. There were signs though, that I reflect on in the darkness of 3 am - project 250, the belt failure, lack of timely disclosure, huge issues getting and keeping employees, and most annoying of all, JM just came across as so dopey in his presentations. It was greed, ie hope for a better sp, that kept me in the game, and that was my fault alone. I have to take the hit and learn from it. End of story.

[SWHusky]

gold, Thanks for the view. I did a quick search on your postings and ran across this "Only now do we find out they bypassed the crushers for a third of the ore mined in q3 last year.  Did I miss something, or did they just not tell us? Can you imagine putting the blasted rock directly on to the leach pad?" Seriously?  Root cause?  If this is what happened, then that

[Routan]

Victoria Gold: 2023 Fourth Quarter and Full Year Results Processing During the three months ended December 31, 2023, a total of 2.1 million tonnes of ore was stacked on the HLF at a throughput rate of 22.3 k tpd. A total of 1.4 million tonnes of ore was stacked on the HLF at a throughput rate of 14.8 k tpd for the prior comparable period in 2022. Ore stacked on the HLF increased by 51% for

[givemeabreak1]

They have been stack Run of Mine Ore since the very begining and as I recall it was in the actual mine plan.  If you just noticed now shame on you!

[Stratocheif]

Don't beat urself up. Unless one spends countless hours on site, talking to managers, even engaging expert opinions themselves you'll never get the full picture. These things are not feasible for the small retail investor. Even billionaire investors make these mistakes. I've seen interviews with Rick Rule for example just months ago. He had nothing to say about VG.  I remember a

[Whateverrr]

Ding Ding Ding.  Right you are.  Your points are old trope by spot on regarding the hidden nature of the managment about bad issues, poor running of a mediocre producing mine, pressure to probably take what lead to excess risks to hit what many were told would be easy, conservative production numbers at an amazing AISC and for investors to remember how CONSERVATIVE they were and real