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VIT Vanceinfo Technologies American Depositary Shares

7.58
0.00 (0.00%)
Pre Market
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Vanceinfo Technologies American Depositary Shares NYSE:VIT NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 7.58 0.00 00:00:00

EDISON EQUITY RESEARCH - VICTORIA GOLD

24/09/2014 8:23pm

InvestorsHub NewsWire


EDISON EQUITY RESEARCH: VICTORIA GOLD - EAGLE ENHANCED BY OLIVE

Victoria Gold looks to develop its wholly owned Eagle Gold Project, in the Yukon, Canada. With permitting in place and a feasibility study completed, the next step is to finance the required C$430m to develop the mine. Eagle has a currently defined 10-year LOM heap leach project, starting in early CY18 (under our assumptions), producing an average of 195kozpa (after ramp up). Our undiluted base case valuation is C$0.63/share (at a 10% discount rate and Edison assumed gold prices), potentially increasing to C$1.08 based on full crushing plant utilisation and assuming higher head grades delivered from the nearby Olive project. We await metallurgical results and an NI 43-101 resource for Olive to support this upside valuation.

The Eagle Gold Project, Victoria Gold’s flagship project, is located in the 100%-owned Dublin Gulch property in the Yukon Territory, Canada. Victoria Gold also intends to explore its other claims while developing Eagle and is looking to monetise its Santa Fe project in Nevada, US.

To view our full report, please click here:
http://www.edisoninvestmentresearch.com/research/report/victoria-gold1

Click here to view all of Edison Investment Research’s published reports

1 Year Vanceinfo Technologies American Depositary Shares Chart

1 Year Vanceinfo Technologies American Depositary Shares Chart

1 Month Vanceinfo Technologies American Depositary Shares Chart

1 Month Vanceinfo Technologies American Depositary Shares Chart