Keeping tabs on the Victoria Gold (VIT.v) capex blowout - Hallo friendsTODAY'S NEWS AND ACCREDITED, In the article you read this time with the title Keeping tabs on the Victoria Gold (VIT.v) capex blowout, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article BANKING, Article CULTURE, Article ECONOMIC, Article HOTELS, Article POLITICAL, Article SOCIAL, Article SPORTS, Article TOURISTS, Article TRAVELING, We write this you can understand. Alright, good read.

Title : Keeping tabs on the Victoria Gold (VIT.v) capex blowout
link : Keeping tabs on the Victoria Gold (VIT.v) capex blowout

Keeping tabs on the Victoria Gold (VIT.v) capex blowout

We're up to C$486m as at end May 2019:

Commissioning of the mine is due September, so add four months of straight capital spend, then don't forget the working cap VIT will need on order to get free cash flow positive (will that happen over the Yukon winter? Longs praying for a smooth ramp-up). Up to its gills in debt, 858.3m shares out, a 5% NSR that will weigh it down for years and a mine that was supposed to cost C$369m, according to the feasibility study that's now worth fark all as a valuation document, it was only ever an exercise in sequin throwing to separate the bankers from their cash. No wonder the others have left Orion holding the bag, VIT's track record as a miner is abysmal even before it starts mining.

Thus Article Keeping tabs on the Victoria Gold (VIT.v) capex blowout

That's an article Keeping tabs on the Victoria Gold (VIT.v) capex blowout This time, hopefully can give benefits to all of you. well, see you in posting other articles.

You are now reading the article Keeping tabs on the Victoria Gold (VIT.v) capex blowout with the link address https://todaysand.blogspot.com/2019/07/keeping-tabs-on-victoria-gold-vitv.html

Tweet

Subscribe to receive free email updates: