Victoria Gold Corp VITFF

From Alexco Q2 Financials

[MVargas]

. On April 29, 2022, the Corporation sold to Victoria Gold Corp. (“Victoria”) all of its rights, benefits and interests in and to the remaining option consideration payable to Alexco by Banyan under the option agreement with Banyan in exchange for 447,142 shares of Victoria. On May 4, 2022, the Victoria shares were sold for net proceeds of $6,000,000, after selling costs and commissions.

[yoshka2000]

I see, is this important in some way? Why is the share value lagging so much with such a stable goldmine in Canada?

[MVargas]

It is important disclosure that should have been provided to Victoria shareholders by the company, but we had to get it from a third party.  Time will tell whether Victoria's investments into Banyan will utlimately be profitable, but Banyan needs much higher gold prices in order to be able to finance the cost of a new mine development, especially considering the current inflationary

[hcahoon]

Totally agree regarding production MVargas. 250 is a pipe dream! On the positive side, Victoria will still be making good money and they plan to reduce debt. h

[Human7]

Banyan was a top 5 junior mining pick by at least 2 of the 5 presenters on stage at the recent PDAC. Aiming for Tier 1 status. 4 mill ounces estimated already, a bunch of drill results to report in coming months and a maiden resources estimate planned by year's end... practically no infill drilling, as they keep hitting. Roads and power and even cell phone coverage, part owner Victoria next