Victoria Gold Corp VITFF

Raven now listed as a "Development" asset, no longer Explor

[phoenix_trader]

May presentation

TSX : VGCX OTC: VITFF VGCX.com

Highly Levered to Gold Price

Integrated

Mining

Company

•

Producing

:

Eagle

•

Development

:

Brewery

Creek,

Raven

•

Exploration

:

Lynx,

Clear

Creek,

Gold

Dome

TSX : VGCX OTC: VITFF VGCX.com

Highly Levered to Gold Price

Integrated

Mining

Company

•

Producing

:

Eagle

•

Development

:

Brewery

Creek,

Raven

•

Exploration

:

Lynx,

Clear

Creek,

Gold

Dome

[Greatdaysahead]

They are providing the hedge information again : 2024 = 30,000 ozs total • 2,500 oz/month @ US$2,120/oz for Q2 & Q3 • 2,000 oz/month @ US$2,240/oz for Q4 • 1,000 oz/month @ US$2,025/oz for remainder of year Metal Gold Put Options = 27,000 ozs • 2024 = 3,000 oz/month @ US$1,800/oz for remainder of year Currency contracts – US$ Forward Sales • 2024 = US$3.0M /month @ 1.368 C$/US$ for

[kegman]

I saw this new presentation earlier.  Remainder of yr $2025 is plain lunacy.  Puts are pushing the limit of insanity but I can accept they probably did that in 2023.  THere are so many questions that need to be asked.  Hopefully someone there will ask.  I would have went if in Ontario.  BC is a good hike.  Is the link on the website?

[kegman]

Sorry Swinger.  I am pi$$ed.  LInk on website hidden in AGM PDF. Launch Meeting - Zoom Hopefuly that works for everyone.  

[Greatdaysahead]

Not in. IS there an AGM ? lol this is mind-boggling

[EdwardBlake]

To be honest I would prefer forward sales at current levels over put options.

[Greatdaysahead]

yes and no.  A put option : you pay the insurance premium. The amount is "lost" and you are protected below 1800 but you keep all the upside potential. A forward sale : you are protected but cap the upside.  a mix could make sense.  

[HoneyBadger77]

I think it's important to remember that we're talking 30K ounces hedged out of 165-185k production in 2024 and so with gold at nearly $2400 today I think we will do just fine. If the share price movement this morning is any indication of what's to come, perhaps things won't be quite as bad as we're thinking.  Again we will know soon enough.... Still no Q1 financials