RCKS talk

Sunday, February 26, 2017 Derek Macpherson

RCKS Pre-PDAC Mining Showcase Presenter Preview

Download Report

On Friday March 3th, 2017, Red Cloud Klondike Strike Inc. will be hosting its 5th Annual Pre-PDAC Mining Showcase. The event features presentations from 21 companies, including a themed lunch presentation by leading corporations in the gold mining sector. Visit the event page for more details on the day’s schedule. In this post, we provide a brief preview on the 21 presenting companies and 13 banner sponsors that will also be in attendance.  read more


Thursday, February 09, 2017 Derek Macpherson

VIT Highlights Regional Exploration Potential Near Eagle

Download Report  

On February 8th, 2017, Victoria Gold Corp. (TSXV:VIT) hosted a workshop to highlight the exploration potential of its Yukon properties. The previously announced 2017 exploration program is designed to explore the regional targets nearby the company’s shovel ready Eagle Gold project. The company trades at a premium to peers on a NAV basis; however, we believe this premium is warranted given the project’s scale, jurisdiction, permits, advanced project financing and the company’s strong balance sheet. While the near-term focus of investors is likely to be on project financing, the planned regional exploration is likely to be a positive catalyst for the stock and should help demonstrate the projects exploration upside to potential acquirers.  read more


Wednesday, January 25, 2017 Derek Macpherson

VIT Takes First Step Towards Financing Eagle

Download Report  

Victoria Gold Corp. (TSXV:VIT) announced it has signed an engagement letter with BNP Paribas (EPA:BNP) to arrange a US$220 million (C$289 million) project debt facility. The syndicated facility is expected to have a tenor of six years and close in Q2 2017. This is an important de-risking step for Victoria to progress the fully permitted Eagle project towards production. This debt coupled with Victoria’s strong cash position at the end of FQ3 2016 (C$62.9 million in cash + marketable securities) moves Eagle closer to production, however, Victoria is likely to need additional capital to fully fund the project (C$50-80 million). At 0.66x NAV, Victoria currently trades at a premium to peers (0.54x NAV), while trading at a discount on a per ounce basis, or C$37/oz versus peers at C$55/oz. We believe Victoria’s premium valuation versus peers is warranted given the project’s scale, jurisdiction and permits. The company’s 2017 exploration program in conjunction with closing of the project financing has potential to be positive catalysts for the stock.  read more


Thursday, January 19, 2017 Derek Macpherson

VIT Announces 2017 Exploration Program

Download Report  

Victoria Gold Corp. (TSXV:VIT) announced a 2017 exploration program on its Dublin Gulch Property and regional targets within the larger property area. The $6.2 million Phase 1 program will continue step-out and definition drilling of the mineralization structure from its 2016 program at the Olive-Shamrock zone, including exploration along strike. In addition the program will include exploration of six other targets along the Potato Hills Trend within 5 km of the Eagle Gold Mine footprint; East Potato Hills, Rex-Peso, Nugget, Lynx Dome and Anne Gulch as well as the Falcon target on the company’s VBW Claim Block east of Dublin Gulch. At 0.59x NAV, Victoria currently trades at a premium to peers at 0.52x NAV, while trading at a discount on a per ounces basis, or C$35/oz versus peers at C$54/oz. We believe Victoria’s premium valuation versus peers is warranted given the project’s scale, jurisdiction and permits. The company’s 2017 exploration program in conjunction with project financing has potential to be a positive catalyst for the stock.  read more


Tuesday, November 22, 2016 Derek Macpherson

VIT Reports Positive Phase 2 Results from Olive-Shamrock

Download Report  

Victoria Gold Corp’s (TSXV:VIT) has announced results from its Phase 2 Olive-Shamrock drill program at its Eagle Gold Project in Yukon. Results were highlighted by 0.70 g/t Au over 70.1m (DG16-750C) and 1.34 g/t Au over 15.2m (DG16-768C) which compares favorably to the deposit’s resource grade. The results suggest the deposit’s expansion potential to the Northeast, underlining the resource upside potential at Olive-Shamrock. We believe that additional results from the company’s planned drilling along the Potato Hills trend in conjunction with a project financing have the potential to be positive catalysts for the stock.  read more


Sunday, October 16, 2016 Derek Macpherson

Site Visit: Victoria’s Eagle Project Poised to Soar

Download Report  

Last week we visited Victoria Gold Corp’s (TSXV:VIT) Eagle Gold project in the Yukon. While our visit highlighted some important points about the project it did not materially change our view on the project’s potential, as highlighted by the recently updated feasibility study. The key takeaways from our visit included the exploration upside at Olive and Shamrock, along with other long-term targets, that the company is looking to take advantage of its balance sheet to reduce pre-production capital costs and the visit solidified our view, pending financing, that the company is planning to start construction in early 2017. We expect a project financing update, along with additional drill results from Olive-Shamrock to be the next catalysts for Victoria. As well, we believe the current valuation only partially reflects the recent feasibility study update and still does not account for the project's shovel ready nature.  read more


Tuesday, October 04, 2016 Derek Macpherson

RCKS Fall Mining Showcase Presenter Preview

Download Report   

On Thursday October 6th, Red Cloud Klondike Strike Inc. will be hosting its 4th Annual Fall Mining Showcase. The event, that will offer attendees the opportunity to meet with a number of companies, features presentations from 20 companies and a buy-side discussion panel comprised of three of the industry’s most influential fund managers. Visit the event page for more details on the day’s schedule. In this post we provide a brief preview on the 20 presenting companies and 8 banner sponsors that will also be in attendance.  read more


Monday, September 12, 2016 Derek Macpherson

VIT's Updated Study Demonstrates Better Economics

Download Report

Victoria Gold Corp. (TSXV:VIT) released an updated feasibility study for its Eagle project. The study was highlighted by improved economics driven primarily by lower operating costs and aided by reduced pre-construction capital costs. As we had mentioned in previous posts, in our view the benefits of this update have not yet been fully reflected in Victoria’s valuation and we believe that these results should be a positive catalyst for the stock. As well, there remains multiple ways for the Victoria to further improve project economics providing some additional upside. We expect a project financing update, along with ongoing drill results from Olive-Shamrock are likely to be the next catalysts for Victoria.
 read more


SUBSCRIBE TO HEAR FROM US

Gain access to exclusive mining industry research reports as well as additional mining industry information, promotional materials, press releases and news.

RCKS Talk Daily Analysis
RCKS News
LATEST POST
CATEGORIES
RELATED TAGS
ARCHIVES

 

RISK WARNING:

Red Cloud Klondike Strike Inc. is registered as an Exempt Market Dealer (EMD) in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland & Labrador, and Yukon.

 

By accessing this website you agree to be bound by our Terms of Use and Privacy Policy.

 

Red Cloud Klondike Strike Inc. connects mining companies with suitable investors that qualify under available regulatory exemptions. For example, in Canada, according to National Instrument 45-106, Prospectus and Registration Exemptions. Similar laws and regulations apply in other jurisdictions. Companies presented on this website are considered to be highly speculative and, as such, are suitable only for purchasers who can tolerate the highest level of risk including the loss of their entire investment.

© Copyright 2017 Red Cloud Klondike Strike Inc. All rights reserved.