Victoria Resource Corp

VIT-X

Analysis and Opinions about VIT-X

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
October 16, 2019
They just partnered with a private equity group. The company is now 45% owned by private equity. They completed their first pour in the Yukon and are moving towards commercial production. The problem is the private equity partner will have a lot of say in the operations. This will keep him out as an investor.
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They just partnered with a private equity group. The company is now 45% owned by private equity. They completed their first pour in the Yukon and are moving towards commercial production. The problem is the private equity partner will have a lot of say in the operations. This will keep him out as an investor.
DON'T BUY
DON'T BUY
March 5, 2019
They're financed to build their Eagle project in the Yukon, but it's low-grade. His exit strategy is for someone to take them out, but doubts it'll happen at current low gold prices. Brent Cook: Doesn't see anyone buying a modest-grade project like this.
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They're financed to build their Eagle project in the Yukon, but it's low-grade. His exit strategy is for someone to take them out, but doubts it'll happen at current low gold prices. Brent Cook: Doesn't see anyone buying a modest-grade project like this.
DON'T BUY
DON'T BUY
March 5, 2019
Large deposits. The financing program was too speculative. The financing program is too complex.
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Large deposits. The financing program was too speculative. The financing program is too complex.
DON'T BUY
DON'T BUY
March 4, 2019
It is a startup / new asset in Canada. There was a lot of technical work done on their mine. But they built up the mine with debt. There are a lot of warrants out there. He sees caps on the share price.
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It is a startup / new asset in Canada. There was a lot of technical work done on their mine. But they built up the mine with debt. There are a lot of warrants out there. He sees caps on the share price.
Jon Case

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Price
$0.495
Owned
Unknown
COMMENT
COMMENT
October 16, 2018

They're building a gold mine in the Yukon. It's coming into production now. He doesn't own development play and buys exploration instead.

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They're building a gold mine in the Yukon. It's coming into production now. He doesn't own development play and buys exploration instead.

WEAK BUY
WEAK BUY
April 30, 2018

They are into the early production stage. It seems very interesting. Anything like this is extremely leveraged to the price of gold, which he thinks will go up. He prefers ZJG-T rather than trying to pick the best one.

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They are into the early production stage. It seems very interesting. Anything like this is extremely leveraged to the price of gold, which he thinks will go up. He prefers ZJG-T rather than trying to pick the best one.

SPECULATIVE BUY
SPECULATIVE BUY
April 9, 2018

It is a very junior play. They may well have a small discovery that is interesting. It is a purely speculative play based on what might be in the ground. They have no revenue. Gold will break out in the next year or two.

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It is a very junior play. They may well have a small discovery that is interesting. It is a purely speculative play based on what might be in the ground. They have no revenue. Gold will break out in the next year or two.

DON'T BUY
DON'T BUY
March 5, 2018

A gold developer in the Yukon. Exploration has been cut in half over the last decade. These development projects will be picked off and acquired at some point. It is shovel ready and waiting for permits. It is a good project, but it does not fit what he looks for because of no free cash flow.

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A gold developer in the Yukon. Exploration has been cut in half over the last decade. These development projects will be picked off and acquired at some point. It is shovel ready and waiting for permits. It is a good project, but it does not fit what he looks for because of no free cash flow.

COMMENT
COMMENT
March 5, 2018

Location of their deposit is remote though politically secure. Not impressed with their feasibility study (low cash flow relative to capex), and is extremely leveraged to higher gold prices. Perhaps investors who want a company to own Canadian assets may consider buying this.

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Location of their deposit is remote though politically secure. Not impressed with their feasibility study (low cash flow relative to capex), and is extremely leveraged to higher gold prices. Perhaps investors who want a company to own Canadian assets may consider buying this.

DON'T BUY
DON'T BUY
March 2, 2017

It is infrastructure challenged. He does not have the courage to own it.

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It is infrastructure challenged. He does not have the courage to own it.

COMMENT
COMMENT
October 21, 2016

Really a torquey name. It is not a producer of gold. Not for the faint of heart, because it is an explorer/developer, and probably is not going to have anything built for several years. He doesn’t put this high on the list of being acquired.

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Really a torquey name. It is not a producer of gold. Not for the faint of heart, because it is an explorer/developer, and probably is not going to have anything built for several years. He doesn’t put this high on the list of being acquired.

COMMENT
COMMENT
August 11, 2016

Thinks this has a future in the next cycle. It is a large deposit, but fairly low grade. Located in the Yukon which is a good jurisdiction. However, it has lousy infrastructure. Thinks it is fairly well run.

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Thinks this has a future in the next cycle. It is a large deposit, but fairly low grade. Located in the Yukon which is a good jurisdiction. However, it has lousy infrastructure. Thinks it is fairly well run.

WAIT
WAIT
July 26, 2016

This is a developer. If you are going to own a developer this has a deposit in the Yukon with 2.2 million ounces’ reserves, quite low grade at .8 g per ton. According to the engineering study they put out, it still looks like it will be a decent project with a good rate of return. What is interesting with this, is that when you have a low grade project and can make a go of it, and you find a little bit of high-grade, it goes quite a long way towards increasing the rate of return. This has happened in this case making it a potential acquisition. The stock price has been pushed up to what he considers unjustifiable levels. Wait for the euphoria to die off before stepping in.

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This is a developer. If you are going to own a developer this has a deposit in the Yukon with 2.2 million ounces’ reserves, quite low grade at .8 g per ton. According to the engineering study they put out, it still looks like it will be a decent project with a good rate of return. What is interesting with this, is that when you have a low grade project and can make a go of it, and you find a little bit of high-grade, it goes quite a long way towards increasing the rate of return. This has happened in this case making it a potential acquisition. The stock price has been pushed up to what he considers unjustifiable levels. Wait for the euphoria to die off before stepping in.

Jon Case

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Price
$0.710
Owned
Unknown
COMMENT
COMMENT
March 8, 2016

He likes management. They have been in the Yukon for a long time. The project is marginal right now. With a rising gold price they already have a feasibility study, so a lot of de-risking is done. He likes that they are doing more drilling and looking at other parts of their land package for more value. He is optimistic on this.

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He likes management. They have been in the Yukon for a long time. The project is marginal right now. With a rising gold price they already have a feasibility study, so a lot of de-risking is done. He likes that they are doing more drilling and looking at other parts of their land package for more value. He is optimistic on this.

COMMENT
COMMENT
March 7, 2016

Yukon. He hopes they fail and that they can’t put it into production for 4 years when gold is higher.

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Yukon. He hopes they fail and that they can’t put it into production for 4 years when gold is higher.

Showing 1 to 15 of 19 entries