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  5. VGCX: Hi 5i team, I am holding AEM and SSL , and thinking to add one more gold stock. [Victoria Gold Corp.]
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Investment Q&A

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Q: Hi 5i team,
I am holding AEM and SSL , and thinking to add one more gold stock.

What is your opinion about Victoria Gold, would you be comfortable buying this stock ?

Thank you for your advice as always.

Asked by Pui on January 23, 2023
5i Research Answer:

VGCX is smaller than the others at $625M. It is 14X  earnings, no dividend. Orion Mind Finance owns 31%. We are comfortable with it, and it has had a big run in 2023 (up 35%). But it has size risk and some debt risk. Debt is 2X cash flow. Nothing problematic, but the balance sheet is not as strong as some others. Recent drill results were solid and have added some extra excitement here. It is not perfect, but we would be fine owning it, and adding a small cap to the other two would add some diversification and growth potential to the gold sector.