The Gold Report

Bob Moriarty’s Thoughts on the Coronavirus

The Gold Report /

Source: Bob Moriarty for Streetwise Reports   04/12/2020

Bob Moriarty of 321gold shares his thoughts on the coronavirus.

If there was ever a time for real leaders to step forward and lead, the
last four months would have been the time to do so. If there was an issue
that demanded cooperation from all the nations of the world, we have seen
it. Instead we have been fed a steady diet of disinformation and outright
lies from almost every government at most levels. If these are the leaders,
we ought to fire the whole lot and start anew. Instead of “women and
children first,” we are seeing “every man for himself.”

I’ve been fairly quiet for the last ten days or so and a lot of people have
been bugging me to write more. Certainly this is an important issue so I’ll
give you my thoughts.

It seems pretty obvious to me that the Chinese government was lying about
the number of deaths right from the first. And it continues. They are
understating the size of the issue and have been all along.

On the other hand, the US government is also lying through their teeth but
appear to be overstating the deaths from the coronavirus. All of a sudden
every victim in the U.S. qualifies as a coronavirus death. In San Antonio
the officials called a
preemie born at 22 weeks a coronavirus victim.

Guys, don’t be stupid. Normal gestation in humans is 40 weeks. A 22-week
preemie stands virtually no chance of survival. But it didn’t die of the
virus.

Much is made of the number of Italians who have died. The Italians have the
oldest average age in Europe. Of course they are dying. Old people die all
the time. Yes, the old age homes in Washington had high rates of mortality.

But think about that for a moment. No one goes into an old folks home for a
vacation. They all know they are going to die there or in a hospital.
That’s why they went in the first place. Signing up for an old age home is
eventually a bit of a death sentence, not necessarily from the coronavirus. Many people in old age homes in the US die every year just from the
flu. But today they are all being written off as the coronavirus, not
heart attacks or flu or just old age.

How can it possibly be that four months after it became obvious that the
world has a big problem that so little real information has come out? Did
you know that the number of deaths in

Beijing and Shanghai

is tiny? How come the country managed to export the virus to the entire
world but skipped the two most important cities in China?

You have to love the Germans. They just love data and reports.

They tested all 1,000 people in a tiny village

and realized that a lot more people showed positive to the virus
antibodies than they realized, some 15% of the total. According to the
German numbers the death rate was more like 0.37 or four times as dangerous
as the ordinary flu. That’s tiny compared to what has been quoted
elsewhere.

Iceland tested 36,000 of their citizens, about 10% of the total for the
tiny country. They found

half the people tested showed positive for the virus,
however there had only been seven deaths out of 1,600 cases of the virus.
As a matter of interest, Iceland tested twenty times as many of their
citizens as the UK on a percentage basis. The death rate shown by the UK is
stated as 30 times higher than that of Iceland.

We should have

a lot of good, tested and valid information about the virus

and just how dangerous it is but because of this chronic “every man for
himself” attitude, we pretty much have to guess. I’m not a doctor or any
sort of expert but I have to go through dozens of articles a day about
everything so I have a tiny bit of a feel for the issue.

Almost all people dying of the virus have other issues but here are the
most important. The virus is most deadly when it invades the lungs and
often causes double pneumonia. It’s an ugly death. The patient literally
drowns.

The virus is most dangerous to those with asthma, hypertension or simply
old age. Weight seems to be a factor and obesity could put you in the
high-risk category. Blacks and minorities seem to have a higher chance of
dying than whites. Few children develop serious cases but do on occasion.

Watching the daily briefing on the virus is like a free ticket to a circus
run by the clowns. The official head of the federal government’s Corona
Task Force is supposed to be Vice President Mike Pence but he stands near
Trump looking like a cross between a wooden store clothing dummy and an
organ grinder’s monkey holding a tin can out for donations.

President Trump immediately goes into his opera scales routine that he is
so good at. In bass, “ME, ME, ME” and switching over to soprano, “ME, ME,
ME” and down to tenor to finish, “ME, ME, ME.” His latest brilliance was to
credit lovely Ivanka with the creation of the last fifteen million jobs
created out of the six point seven million new jobs since he took office.

Not to be outdone, we have the media, all in makeup, eager to feast on
every stupid comment out of the mouth of the president. If Trump came out
in favor of peace in the universe, Santa Claus and free kittens for little
girls, the media would immediately find fault with all three.

But where we begin to bring light to the real issues of the coronavirus is
by looking at the positions taken by Dr. Anthony Fauci. At first he claimed
two million Americans would die. That number dropped to two hundred and
forty thousand and now it seems to be about sixty thousand. That’s lower
than the deaths from ordinary flu in a typical winter. Is it possible that
he has an agenda that is just now being exposed?

Dr. Fauci is presented as the Federal Government’s leading expert on
immunology and infectious diseases. But is he really or should he be?

When President Trump learned of a small French trial by a doctor of an
anti-malaria drug called hydroxychloroquine (Let’s call it HCQ) Dr. Fauci
was the first but hardly the last to point out that the HCQ while in common
use, hadn’t been through a vigorous double blind study for use with the
coronavirus.

That is both true and utterly meaningless at the same time. What if the
drug that some doctor believed would save lives of patients with the virus
was simple aspirin? Certainly aspirin hasn’t been through any sort of
professional and vigorous test against the virus. But who cares?

If it works, it works. If it doesn’t work, you don’t use it. We have a good
idea of what dosage of aspirin is safe and when it becomes dangerous.

How long would it take to test? Well, not being a doctor but having some
ability to think for myself, you have a bunch of doctors hand out a handful
of aspirin and

in a couple of days

have a pretty good feel for success or failure. If everybody dies given
aspirin, it might be a good idea to stop. If everyone lives that you gave
aspirin to, go buy some stock in Bayer and do a professional write up of
how great aspirin is to cure the virus.

In

one of the most bizarre comments I have ever read

from a government organization talking about testing HCQ, “NIH scientists
said urgent clinical evidence is needed. Even so, the study is not
estimated to be completed until July 2021.”

OK, Dr. Fauci and the NIH, we will do it the most professional way. Fifteen
months from now we will know if it should be used or not. What a brilliant
idea. Why didn’t I think of that?

‘

By the way Dr. Fauci, just how many people in the world will die of the
Corona Virus between now and July 2021 because you wouldn’t recommend HCQ
because it hadn’t been tested in the most professional way?

But it gets even worse. Now this really is anecdotal and we know how Dr.
Fauci hates that. He seems to love the idea of a vaccine and some sort of

social credit system

similar to that of the Chinese. But we should ease into it by

first generating a national database of those who test positive for
antibodies

and we can ease into total control of everyone by the government as time
passes.

I’m going to point out something here that I learned from Quinton Hennigh.
This coronavirus does not contain DNA. It contains RNA, which is different. It
is entirely possible that you can catch the virus multiple times.

So put everyone on some sort of government database but it doesn’t matter
to his or her health because it’s possible they can catch it again and
again. We don’t know yet. The most important thing is to get them on that
list so we can have total control of them the way China does over their
people.


Bill Gates

and Dr. Fauci agree on one thing.

They want the national database. When someone comes up with a vaccine hopefully from Bill Gates, at that
point we add credit to their entry in the database for having been
vaccinated. They can then travel or buy food or work in certain industries.
The idea of a massive government database is just wonderful. You can
control every aspect of a person’s life once on the list.

I’m going to shock my readers now by telling you something no one has ever
told you before. Sit down, make yourself comfortable and don’t collapse at
the news.

There is no Santa Claus.

Take a deep breath and relax. I know it’s a shock.

There is no Santa Claus. Your mommy and daddy should have briefed you but
the cookies and milk, it was all a waste of time. There isn’t a
Santa.

There also isn’t a vaccine for HIV and

HIV has killed 32 million people. There may never be a vaccine for HIV.

So why are so many people convinced we are going to have a vaccine for the
coronavirus? HIV has been a problem for forty plus years and we have no
vaccine.

MONEY!!!

It’s all about money no matter what Bill Gates and Dr. Fauci tell you.
Scare hell out of people and then

demand they prove they have been vaccinated.

You can make a bundle with a good vaccine. Or even a poor vaccine that
really doesn’t do much of anything.

Why would you want a simple off the shelf drug to cure the virus when you
can cash in big time by forcing people to be vaccinated? And by the way
vaccines kill a lot of people and often don’t prevent the diseases they
claim to.

In my opinion the coronavirus scare is more a function of government
control than a real threat. That is not to say that it’s not dangerous. It
is dangerous and it will kill tens of thousands of people in the US alone.

But you want to worry about people dying before their time and lives
destroyed, you might want to consider the effects of the Greatest
Depression that I have been warning about for years. In January I said it
was

here. In February I said it was

here. Do you get it yet?

It is here.

The damage done from the coronavirus is tiny

compared to the damage done by the economic depression, all brought to you thanks to Washington and Wall Street. The coronavirus
did not cause the depression. Wall Street and Washington caused the
depression and I was one of many predicting it well in advance.

The overreaction to the virus based on lies and little information out of
China and an utterly dysfunctional group of clowns running the US have
shattered supply chains around the world leaving tens of millions of
Americans with no jobs, no money and no future.

In the movie “The Big Short,” one of the characters predicted that for every
1% increase in unemployment, some 40,000 people would die an early death.
It could be suicide, drugs, alcohol, spousal abuse, heart attacks, but
being out of work and poor kills a lot of people. So

if we go to 32% unemployment as the Federal Reserve predicts, how many people must die?

The over reaction to the virus broke the supply chains but the depression
will destroy demand. It wasn’t due to the virus but the disease put the
negative effects of the depression into hyper drive.

Governments always want more and more control over their citizens. Never
let a crisis go to waste. But at some point the divide between the 1% and
the 99% gets so great that the great unwashed become the great armed and
pissed. Am I the only person to hear the sound of pitchforks being
sharpened?

Dr. Fauci and Bill Gates may need to be reminded of the old saying, “Be
careful of what you wish for.””

Bob Moriarty
President: 321gold
Archives
321gold

Bob Moriarty founded 321gold.com, with his late wife, Barbara Moriarty, more than 16 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 832 missions in Vietnam. He holds 14 international aviation records.

Sign up for our FREE newsletter at: www.streetwisereports.com/get-news

Disclosure:
1) Statements and opinions expressed are the opinions of Bob Moriarty and not of Streetwise Reports or its officers. Bob Moriarty is wholly responsible for the validity of the statements. Streetwise Reports was not involved in the content preparation. Bob Moriarty was not paid by Streetwise Reports LLC for this article. Streetwise Reports was not paid by the author to publish or syndicate this article.
2) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
3) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

Bob Moriarty’s Thoughts on the Coronavirus Read More »

Thoughts on the Coronavirus

The Gold Report /

Source: Bob Moriarty for Streetwise Reports   04/12/2020

Bob Moriarty of 321gold shares his thoughts on the coronavirus.

If there was ever a time for real leaders to step forward and lead, the
last four months would have been the time to do so. If there was an issue
that demanded cooperation from all the nations of the world, we have seen
it. Instead we have been fed a steady diet of disinformation and outright
lies from almost every government at most levels. If these are the leaders,
we ought to fire the whole lot and start anew. Instead of “women and
children first,” we are seeing “every man for himself.”

I’ve been fairly quiet for the last ten days or so and a lot of people have
been bugging me to write more. Certainly this is an important issue so I’ll
give you my thoughts.

It seems pretty obvious to me that the Chinese government was lying about
the number of deaths right from the first. And it continues. They are
understating the size of the issue and have been all along.

On the other hand, the US government is also lying through their teeth but
appear to be overstating the deaths from the coronavirus. All of a sudden
every victim in the U.S. qualifies as a coronavirus death. In San Antonio
the officials called a
preemie born at 22 weeks a coronavirus victim.

Guys, don’t be stupid. Normal gestation in humans is 40 weeks. A 22-week
preemie stands virtually no chance of survival. But it didn’t die of the
virus.

Much is made of the number of Italians who have died. The Italians have the
oldest average age in Europe. Of course they are dying. Old people die all
the time. Yes, the old age homes in Washington had high rates of mortality.

But think about that for a moment. No one goes into an old folks home for a
vacation. They all know they are going to die there or in a hospital.
That’s why they went in the first place. Signing up for an old age home is
eventually a bit of a death sentence, not necessarily from the coronavirus. Many people in old age homes in the US die every year just from the
flu. But today they are all being written off as the coronavirus, not
heart attacks or flu or just old age.

How can it possibly be that four months after it became obvious that the
world has a big problem that so little real information has come out? Did
you know that the number of deaths in

Beijing and Shanghai

is tiny? How come the country managed to export the virus to the entire
world but skipped the two most important cities in China?

You have to love the Germans. They just love data and reports.

They tested all 1,000 people in a tiny village

and realized that a lot more people showed positive to the virus
antibodies than they realized, some 15% of the total. According to the
German numbers the death rate was more like 0.37 or four times as dangerous
as the ordinary flu. That’s tiny compared to what has been quoted
elsewhere.

Iceland tested 36,000 of their citizens, about 10% of the total for the
tiny country. They found

half the people tested showed positive for the virus,
however there had only been seven deaths out of 1,600 cases of the virus.
As a matter of interest, Iceland tested twenty times as many of their
citizens as the UK on a percentage basis. The death rate shown by the UK is
stated as 30 times higher than that of Iceland.

We should have

a lot of good, tested and valid information about the virus

and just how dangerous it is but because of this chronic “every man for
himself” attitude, we pretty much have to guess. I’m not a doctor or any
sort of expert but I have to go through dozens of articles a day about
everything so I have a tiny bit of a feel for the issue.

Almost all people dying of the virus have other issues but here are the
most important. The virus is most deadly when it invades the lungs and
often causes double pneumonia. It’s an ugly death. The patient literally
drowns.

The virus is most dangerous to those with asthma, hypertension or simply
old age. Weight seems to be a factor and obesity could put you in the
high-risk category. Blacks and minorities seem to have a higher chance of
dying than whites. Few children develop serious cases but do on occasion.

Watching the daily briefing on the virus is like a free ticket to a circus
run by the clowns. The official head of the federal government’s Corona
Task Force is supposed to be Vice President Mike Pence but he stands near
Trump looking like a cross between a wooden store clothing dummy and an
organ grinder’s monkey holding a tin can out for donations.

President Trump immediately goes into his opera scales routine that he is
so good at. In bass, “ME, ME, ME” and switching over to soprano, “ME, ME,
ME” and down to tenor to finish, “ME, ME, ME.” His latest brilliance was to
credit lovely Ivanka with the creation of the last fifteen million jobs
created out of the six point seven million new jobs since he took office.

Not to be outdone, we have the media, all in makeup, eager to feast on
every stupid comment out of the mouth of the president. If Trump came out
in favor of peace in the universe, Santa Claus and free kittens for little
girls, the media would immediately find fault with all three.

But where we begin to bring light to the real issues of the coronavirus is
by looking at the positions taken by Dr. Anthony Fauci. At first he claimed
two million Americans would die. That number dropped to two hundred and
forty thousand and now it seems to be about sixty thousand. That’s lower
than the deaths from ordinary flu in a typical winter. Is it possible that
he has an agenda that is just now being exposed?

Dr. Fauci is presented as the Federal Government’s leading expert on
immunology and infectious diseases. But is he really or should he be?

When President Trump learned of a small French trial by a doctor of an
anti-malaria drug called hydroxychloroquine (Let’s call it HCQ) Dr. Fauci
was the first but hardly the last to point out that the HCQ while in common
use, hadn’t been through a vigorous double blind study for use with the
coronavirus.

That is both true and utterly meaningless at the same time. What if the
drug that some doctor believed would save lives of patients with the virus
was simple aspirin? Certainly aspirin hasn’t been through any sort of
professional and vigorous test against the virus. But who cares?

If it works, it works. If it doesn’t work, you don’t use it. We have a good
idea of what dosage of aspirin is safe and when it becomes dangerous.

How long would it take to test? Well, not being a doctor but having some
ability to think for myself, you have a bunch of doctors hand out a handful
of aspirin and

in a couple of days

have a pretty good feel for success or failure. If everybody dies given
aspirin, it might be a good idea to stop. If everyone lives that you gave
aspirin to, go buy some stock in Bayer and do a professional write up of
how great aspirin is to cure the virus.

In

one of the most bizarre comments I have ever read

from a government organization talking about testing HCQ, “NIH scientists
said urgent clinical evidence is needed. Even so, the study is not
estimated to be completed until July 2021.”

OK, Dr. Fauci and the NIH, we will do it the most professional way. Fifteen
months from now we will know if it should be used or not. What a brilliant
idea. Why didn’t I think of that?

‘

By the way Dr. Fauci, just how many people in the world will die of the
Corona Virus between now and July 2021 because you wouldn’t recommend HCQ
because it hadn’t been tested in the most professional way?

But it gets even worse. Now this really is anecdotal and we know how Dr.
Fauci hates that. He seems to love the idea of a vaccine and some sort of

social credit system

similar to that of the Chinese. But we should ease into it by

first generating a national database of those who test positive for
antibodies

and we can ease into total control of everyone by the government as time
passes.

I’m going to point out something here that I learned from Quinton Hennigh.
This coronavirus does not contain DNA. It contains RNA, which is different. It
is entirely possible that you can catch the virus multiple times.

So put everyone on some sort of government database but it doesn’t matter
to his or her health because it’s possible they can catch it again and
again. We don’t know yet. The most important thing is to get them on that
list so we can have total control of them the way China does over their
people.


Bill Gates

and Dr. Fauci agree on one thing.

They want the national database. When someone comes up with a vaccine hopefully from Bill Gates, at that
point we add credit to their entry in the database for having been
vaccinated. They can then travel or buy food or work in certain industries.
The idea of a massive government database is just wonderful. You can
control every aspect of a person’s life once on the list.

I’m going to shock my readers now by telling you something no one has ever
told you before. Sit down, make yourself comfortable and don’t collapse at
the news.

There is no Santa Claus.

Take a deep breath and relax. I know it’s a shock.

There is no Santa Claus. Your mommy and daddy should have briefed you but
the cookies and milk, it was all a waste of time. There isn’t a
Santa.

There also isn’t a vaccine for HIV and

HIV has killed 32 million people. There may never be a vaccine for HIV.

So why are so many people convinced we are going to have a vaccine for the
coronavirus? HIV has been a problem for forty plus years and we have no
vaccine.

MONEY!!!

It’s all about money no matter what Bill Gates and Dr. Fauci tell you.
Scare hell out of people and then

demand they prove they have been vaccinated.

You can make a bundle with a good vaccine. Or even a poor vaccine that
really doesn’t do much of anything.

Why would you want a simple off the shelf drug to cure the virus when you
can cash in big time by forcing people to be vaccinated? And by the way
vaccines kill a lot of people and often don’t prevent the diseases they
claim to.

In my opinion the coronavirus scare is more a function of government
control than a real threat. That is not to say that it’s not dangerous. It
is dangerous and it will kill tens of thousands of people in the US alone.

But you want to worry about people dying before their time and lives
destroyed, you might want to consider the effects of the Greatest
Depression that I have been warning about for years. In January I said it
was

here. In February I said it was

here. Do you get it yet?

It is here.

The damage done from the coronavirus is tiny

compared to the damage done by the economic depression, all brought to you thanks to Washington and Wall Street. The coronavirus
did not cause the depression. Wall Street and Washington caused the
depression and I was one of many predicting it well in advance.

The overreaction to the virus based on lies and little information out of
China and an utterly dysfunctional group of clowns running the US have
shattered supply chains around the world leaving tens of millions of
Americans with no jobs, no money and no future.

In the movie “The Big Short,” one of the characters predicted that for every
1% increase in unemployment, some 40,000 people would die and early death.
It could be suicide, drugs, alcohol, spousal abuse, heart attacks, but
being out of work and poor kills a lot of people. So

if we go to 32% unemployment as the Federal Reserve predicts, how many people must die?

The over reaction to the virus broke the supply chains but the depression
will destroy demand. It wasn’t due to the virus but the disease put the
negative effects of the depression into hyper drive.

Governments always want more and more control over their citizens. Never
let a crisis go to waste. But at some point the divide between the 1% and
the 99% gets so great that the great unwashed become the great armed and
pissed. Am I the only person to hear the sound of pitchforks being
sharpened?

Dr. Fauci and Bill Gates may need to be reminded of the old saying, “Be
careful of what you wish for.””

Bob Moriarty
President: 321gold
Archives
321gold

Bob Moriarty founded 321gold.com, with his late wife, Barbara Moriarty, more than 16 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 832 missions in Vietnam. He holds 14 international aviation records.

Sign up for our FREE newsletter at: www.streetwisereports.com/get-news

Disclosure:
1) Statements and opinions expressed are the opinions of Bob Moriarty and not of Streetwise Reports or its officers. Bob Moriarty is wholly responsible for the validity of the statements. Streetwise Reports was not involved in the content preparation. Bob Moriarty was not paid by Streetwise Reports LLC for this article. Streetwise Reports was not paid by the author to publish or syndicate this article.
2) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
3) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

Thoughts on the Coronavirus Read More »

Thoughts on the Coronavirus

Common Stock Warrants, The Gold Report /

Source: Bob Moriarty for Streetwise Reports 04/12/2020 Bob Moriarty of 321gold shares his thoughts on the coronavirus. If there was ever a time for real leaders to step forward and lead, the last four months would have been the time to do so. If there was an issue that demanded cooperation from all the nations of the world, we have seen it. Instead we have been fed a steady diet of disinformation and outright lies from almost every government at most levels. If these are the leaders, we ought to fire the whole lot and start anew. Instead of “women and children first,” we are seeing “every man for himself.” I’ve been fairly quiet for the last ten days or so and a lot of people have been bugging me to write more. Certainly this is an important issue so I’ll give you my thoughts. It seems pretty obvious to me that the Chinese government was lying about the number of deaths right from the first. And it continues. They are understating the size of the issue and have been all along. On the other hand, the US government is also lying through their teeth but appear to be overstating the deaths from the coronavirus. All of a sudden every victim in the U.S. qualifies as a coronavirus death. In San Antonio the officials called a preemie born at 22 weeks a coronavirus victim. Guys, don’t be stupid. Normal gestation in humans is 40 weeks. A 22-week preemie stands virtually … Continue reading →

Thoughts on the Coronavirus Read More »

‘Production Ramp-up Expected to Increase’ at Yukon Gold Project

The Gold Report /

Source: Streetwise Reports   04/09/2020

An operational update on Victoria Gold is provided in a BMO Capital Markets report.

In an April 7 research note, BMO Capital Markets analyst Andrew Mikitchook reported that Victoria Gold Corp. (VGCX:TSX; VITFF:OTCMKTS) is expected to increase gold production significantly at its Eagle mine in the Yukon, with commercial production starting in late Q2/20 or early Q3/20.

The latter “remains a key deliverable for Victoria’s valuation, and we are monitoring progress closely,” he added. Until commercial production commences, the Canadian gold company will likely remain in a break even status or close to one, according to BMO’s modeling.

While operations continue at Eagle, Victoria Gold is adhering to a COVID-19 action plan to minimize risks to its employees.

Mikitchook reviewed the production from Eagle to date, which totaled 27,822 ounces (27,822 oz). In 2019, the mine produced 17,214 oz and in Q1/20, produced 10,608 oz, both lower than BMO’s estimates of $20,000 oz and 23,000 oz, respectively.

Stacking was restarted earlier this year and amounted to 888,000 tons in March, exceeding BMO’s forecast. Of the total stacking, though, only a small part was “likely under leach for any significant portion of Q1/20,” noted Mikitchook. “This is a timing adjustment, and we expect this production to roll over into Q2/20 and beyond.”

BMO has an Outperformer rating and a CA$14 per share target price on Victoria Gold, which is currently trading at around CA$7.60 per share.

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
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Disclosures from BMO Capital Markets, Victoria Gold, April 7, 2020

IMPORTANT DISCLOSURES

Analyst’s Certification
I, Andrew Mikitchook, hereby certify that the views expressed in this report accurately reflect my personal views about the subject securities or issuers. I also certify that no part of my compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in this report.

Analysts who prepared this report are compensated based upon (among other factors) the overall profitability of BMO Capital Markets and their affiliates, which includes the overall profitability of investment banking services. Compensation for research is based on effectiveness in generating new ideas and in communication of ideas to clients, performance of recommendations, accuracy of earnings estimates, and service to clients.

Company Specific Disclosures

Disclosure 16: A research analyst has extensively viewed the material operations of Victoria Gold.

Disclosure 17: Victoria Gold has paid or reimbursed some or all of the research analyst’s travel expenses.

For Important Disclosures on the stocks discussed in this report, please click here.

( Companies Mentioned: VGCX:TSX; VITFF:OTCMKTS,
)

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