VIC 25.0% 0.3¢ victory mines limited

Exactly right, there is no doubt this stock has been...

  1. pc3
    1,023 Posts.
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    Exactly right, there is no doubt this stock has been strategically pumped and dumped the FA has not really changed, some say the soil samples were not great but reality is it's highly probable Malamute ore reserve sit deeper in the earth. Now if that's the case the grades MIGHT be exceptional as less cobalt samples make it to the top into the rock chips. If the grades are good we WILL make money, the reality of VIC is that even if we were sitting at 2.5-3c the FA remains the same drill results poor our capital goes up in smoke. One saving grace of the slow movement (which is the mining game to some degree) is that many will be past the CGT tax discount date if we get the drilling program result we are all here for. My reality is to either buy more to average down or simply hold and take the bet that the drill results are satisfactory.

    There will be cobalt in VICS tenements, all that remains to be determined is if the grade is commercially viable to move towards a commercially viable JORC resource that is ripe for takeover from one of our neighbours or a Gina or Twiggy type.
    Last edited by pc3: 14/07/18
 
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