Victoria Gold has just announced the purchase of Sabre Gold and Golden Predator Mining, giving them the Brewery Creek property as well as the Gold Dome and Grew Creek exploration projects. For the whole project $13.5 million was paid and Victoria Gold benefits additionally from $44 million loss carry-forwards that Golden Predator brings. The stock has suffered enough from the weak market and reached the lower calculated low in the chart at $5. First countercyclical purchases are possible with a first price target of CAD 11.
Victoria Gold Acquires the Brewery Creek Gold Project for a Good Price
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