CVE:VIT

8.30
0.00 (0.00%) 1d
0
Showing 1 to 15 of 19 entries
DON'T BUY
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.
metal mines
DON'T BUY
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.
metal mines
DON'T BUY
Large deposits. The financing program was too speculative. The financing program is too complex.
metal mines
DON'T BUY
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.
metal mines
COMMENT

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.

metal mines
WEAK BUY

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.

metal mines
RISKY BUY

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.

metal mines
DON'T BUY

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.

metal mines
COMMENT

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.

metal mines
DON'T BUY

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

metal mines
COMMENT

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.

metal mines
COMMENT

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.

metal mines
WAIT

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.

metal mines
COMMENT

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.

metal mines
COMMENT

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

metal mines
Showing 1 to 15 of 19 entries

Victoria Resource Corp(VIT-X) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Victoria Resource Corp is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Victoria Resource Corp(VIT-X) Frequently Asked Questions

What is Victoria Resource Corp stock symbol?

Victoria Resource Corp is a Canadian stock, trading under the symbol VIT-X on the TSX Venture Exchange (VIT-CV). It is usually referred to as TSXV:VIT or VIT-X

Is Victoria Resource Corp a buy or a sell?

In the last year, there was no coverage of Victoria Resource Corp published on Stockchase.

Is Victoria Resource Corp a good investment or a top pick?

Victoria Resource Corp was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Victoria Resource Corp.

Why is Victoria Resource Corp stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Victoria Resource Corp worth watching?

0 stock analysts on Stockchase covered Victoria Resource Corp In the last year. It is a trending stock that is worth watching.

What is Victoria Resource Corp stock price?

On 2020-02-18, Victoria Resource Corp (VIT-X) stock closed at a price of $8.3.