posted on
Nov 01, 2007 10:38AM
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The Company's Eagle Gold Project in Yukon Canada hosts a National Instrument 43-101 compliant Reserve of 2.3 million ounces of gold.
Message: Researching Gold Discoveries of 2007
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yes, BemaB really is completely off line. i just offered to send him some of the web pages as i figured he would enjoy reading them. he said in a big YES, send them.
i think he really did a ton of research and did not see much else he liked as much as VIT and all the land packages their potential and the Geo team. He sits back and waits for what on paper seems inevitable. i have to agree cause i am following the same MO.
could we and others be wrong, for sure, but i doubt it and i put all my money on this one. 100's of hours on research and contemplating, thats why it was easy to be patient and continue to be so. it will come.
As for VIT being a sole position, yes that is me. Dropped all in last spring, rolling the dice on the next drill results. could have obviously bought lower in hindsight but at that time the results could have come in as a hit and the stock gone from $1- $1.3 to $2 fast and if i had not bought all in i would be buying the second half at a much higher place. So it is what it is.
not diversified and sole VIT holding, yes, but its is a very calculated risk and not the classic ideological standpoint to be spread out ...i am in America and don't want to be in dollar , love gold tremendously cause all the countries are printing currencies like crazy. the bump is that even though i have seen a paper loss since buying the shares, i am not selling so the share loss means nothing AND when i bought all in it was $1 US to $1.18 Canadian now it is $1 US to $.9450 Canadian. i have made 22%+ just in the dollar drop, effectively dropping my original buy in price.
Before VIT i was all in on Bema Gold and that did great, before that i was in Hecla Mining which did pretty good and before that my investments beginnings were a drug company called Gilead. Each solo investment has done good/great. IF VIT Goes huge for me i will change my methods and then spread out if it is a large $$$ holding for me.
Plus i think VIT is sorta diversified because of all the different land areas we can hit on and it will only take on hit for me to make a profit. we think it will be more then one.
who knows. i am not expert.
how bout you investment wise spread through all different industries, just in gold or just in VIT?
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