Virginia Mines Inc.

VGQ-T

0.00
0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about VGQ-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
August 7, 2014

(A Past Investing Idea Aug 6/13. 29.75%.) Thinks it is probably a better Buy today than it was then. On the Eleonore deposit in northern Quebec, Goldcorp (G-T) is guiding as being bigger than they said it was. Coming into production, so the cash flow to this company, will begin to be felt in earnest this year. The royalty could be sold for a substantial uptick in the current price, and you get the rest of the company for free.

(A Past Investing Idea Aug 6/13. 29.75%.) Thinks it is probably a better Buy today than it was then. On the Eleonore deposit in northern Quebec, Goldcorp (G-T) is guiding as being bigger than they said it was. Coming into production, so the cash flow to this company, will begin to be felt in earnest this year. The royalty could be sold for a substantial uptick in the current price, and you get the rest of the company for free.

Rick Rule
Pres. & CEO, Sprott USA
Price
$12.800
Owned
Yes
TOP PICK
TOP PICK
August 6, 2013

High quality people. Believes that the royalty on the Eleonore mine is worth more than the whole of the company of Virginia Gold. Believes this gives you the team and the redundant assets for free. The mine will begin producing in 2015 but they are enjoying revenue in terms of advanced royalty now. Every quarter, Goldcorp (G-T) seems to be making this deposit larger through exploration. Company is fully funded and won’t have to come back to market ever. Possible takeover candidate.

High quality people. Believes that the royalty on the Eleonore mine is worth more than the whole of the company of Virginia Gold. Believes this gives you the team and the redundant assets for free. The mine will begin producing in 2015 but they are enjoying revenue in terms of advanced royalty now. Every quarter, Goldcorp (G-T) seems to be making this deposit larger through exploration. Company is fully funded and won’t have to come back to market ever. Possible takeover candidate.

Rick Rule
Pres. & CEO, Sprott USA
Price
$9.850
Owned
Yes
TOP PICK
TOP PICK
May 7, 2013

Superb balance sheet. Very disciplined team. Can take advantage of distress in the market. Can take advantage of other people’s mistakes.

Superb balance sheet. Very disciplined team. Can take advantage of distress in the market. Can take advantage of other people’s mistakes.

Rick Rule
Pres. & CEO, Sprott USA
Price
$9.350
Owned
Yes
BUY
BUY
October 12, 2012

Looks like a really interesting stock. It is showing some support and it is a good time to buy this stock.

Looks like a really interesting stock. It is showing some support and it is a good time to buy this stock.

Jeff Parent B. Eng. FCSI CIM
VP & Portfolio Manager, Chief Investment Officer, Castlemoore Inc.
Price
$10.240
Owned
No
TOP PICK
TOP PICK
September 27, 2012

The Eleanor deposit was bought by Goldcorp (G-T) and they retained 2%-3% interest on that. This royalty is probably one of the best royalties held by any Junior company. Generates about $100,000 a month to them. Once this is in production, which will be producing 600,000 ounces a year, they will be getting $25-$35 million annually. Based on this, the company should be worth $12-$15. Also, recently put out results on a new discovery in the James Bay area.

Virginia Mines Inc. (VGQ-T)
September 27, 2012

The Eleanor deposit was bought by Goldcorp (G-T) and they retained 2%-3% interest on that. This royalty is probably one of the best royalties held by any Junior company. Generates about $100,000 a month to them. Once this is in production, which will be producing 600,000 ounces a year, they will be getting $25-$35 million annually. Based on this, the company should be worth $12-$15. Also, recently put out results on a new discovery in the James Bay area.

Brent Cook
Exploration Analyst & Geologist, Exploration Insights
Price
$10.460
Owned
Yes
PAST TOP PICK
PAST TOP PICK
March 7, 2012
(Top Pick Mar 7/11, Up 2.77%) The best exploration company in Quebec. This is as safe as it gets in the gold industry. Come on line in 2014.
(Top Pick Mar 7/11, Up 2.77%) The best exploration company in Quebec. This is as safe as it gets in the gold industry. Come on line in 2014.
Brent Cook
Exploration Analyst & Geologist, Exploration Insights
Price
$9.710
Owned
Yes
TOP PICK
TOP PICK
March 7, 2011
Safest gold stock that he knows of because they’ve got a 2%-3.5% royalty on a discovery they sold to Goldcorp (G-T). There’s no financial or capital risk. At $1,200 gold, this is worth about $9-$10 a share. On top of that they have $1.15 a share in cash. Have a number of base metal deposits being worked by others that he expects to grow.
Safest gold stock that he knows of because they’ve got a 2%-3.5% royalty on a discovery they sold to Goldcorp (G-T). There’s no financial or capital risk. At $1,200 gold, this is worth about $9-$10 a share. On top of that they have $1.15 a share in cash. Have a number of base metal deposits being worked by others that he expects to grow.
Brent Cook
Exploration Analyst & Geologist, Exploration Insights
Price
$9.420
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
January 7, 2010
Top-of-the-line management. Focused in Quebec. Although expensive, there is a lot there to back it up.
Top-of-the-line management. Focused in Quebec. Although expensive, there is a lot there to back it up.
Brent Cook
Exploration Analyst & Geologist, Exploration Insights
Price
$5.320
Owned
Yes
BUY
BUY
March 13, 2008
This has one of the best exploration geologists. Quebec-based. Have 2 projects as well as a joint venture with Breakwater and things are going well. A lot of upside potential.
This has one of the best exploration geologists. Quebec-based. Have 2 projects as well as a joint venture with Breakwater and things are going well. A lot of upside potential.
Bill Belovay
Deceased June/09., Jones Heward Investment Counsel
Price
$7.000
Owned
Yes
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