Post by
Human7 on Feb 21, 2024 1:44pm
Where have people been?
This press release is what was expected for 2023.
I like where this company is now, and where it can be expected to go. JM admitted long ago that they needed to learn to walk before running and since then it's been a gradual improvement. So where have you been if you're still dumping on JM and VGCX?
Meanwhile multiple producers are showing higher AISC and missing guidance, and are in weird political environments. VGCX at least delivered on guidance in 2023, while buying out a local miner with Brewery Creek, and Gold Dome. Still with major shares in Banyan next door (which is one of the most respected plays with 7 million ounces) and also 33% of LG which has a past producing mine in Nevada and some upside. And then there is Raven, with higher grade than Eagle. And stll a huge tract of land unexplored.
If you're here with ADHD, sure, someplace else might give you your highs quicker. Meanwhile I'm happy to have survived the last couple of years, and like that they are planning another $10 mill in drilling this year while paying down debt. If you think gold is going down from here, then bail on all producers, but me I'm happy to be with this company in Canada, with open pits way up north, indigenous on side, a supportive Yukon government and a proven business model.
Comment by
phoenix_trader on Feb 21, 2024 2:00pm
With major capex spending completed focus now can be on debt repayment or as JM said, a share buyback program.
Comment by
Greatdaysahead on Feb 21, 2024 5:42pm
Heard that 4 years ago.. still waiting