Victoria Gold Corp VITFF

B2Gold bought Sabina, 10% of Snowline, is VGCX and BYN next

[phoenix_trader]

Snowline's market cap is $494, VGCX is $560. Snowline is still exploring with 18k mts planned this year. Production is likely 6-9 years out and a minimum $1 Bill spend.

B2 can offer shares like they did for Sabina and buy VGCX and BYN with immediate production, great exploration success, likely faster permitting and all infrastructure including roads and Yukon power grid in place none of which Snowline can hope for.

[givemeabreak1]

Phoenix Sounds good in theory!  However,  B2 cannot buy VGCX simply by paying their market cap of $560 million.  Remember Snowline has no debt!  B2 would have to assume close to another $300 million in debt so total almost 1 billion when you add in other commitments.  Before I here the fools yell basher basher.  I am not saying whether it is a good deal or not a good

[MVargas]

The short answer is No. B2Gold opted to purchase Sabina instead of Victoria. That acquisition will require their full attention and probably $800 million in construction costs until it becomes a producing asset. Snowline is merely an investment in an asset that is probably 8 - 10 years from production. In 2016 Goldcorp purchased the Coffee Project from Kaminak Gold.  Last year the Yukon

[OCB1234]

You guys crack me up! A producing mine is going to cost a heck of a lot more than a long term project like Snowline, especially if Eagle exceeds 180k this year at $1,900+ Gold.

[RatPatrol]

In the shadow of Newmont's recent purchase of Newcrest, we can all agree that a NEW and THOROUGH review of its assets is underway using very likely.......                                   STIFF CRITERIA Further, I suspect that mines and deposits that can't add say, 300k ounces over 20 years  

[RatPatrol]

Put another way, there are a few mines as well as properties, for sale which are smaller than 5 million ounces and sustain production levels of 300k or less. We should recognize that much gold is bound up with copper. Demand for copper is expected to double in the next 6 years. B2Gold therefore can choose from quite a list of properties and mines avilable for sale as traditional big gold miners