generally i don't like to pick nits, but since in the past you yourself have called for reasonable discussion, perhaps we could get couple things clear.

1) a minor detail. how many drills are turning. In recent posts, pan says 1, moots says 2, i said 1-and-it's-not-clear-about-the-2nd-a...

in your message you say the 2nd rig is standing by at N-12. Fair enough. I suppose there's a small cost saving in this? Does the rig crew stay on the site at full pay while the rig is idle & studies are ongoing? Obviously there would be a big cost involved in sending a rig away, then trying to get it back in, say, 5 weeks' time - and only a few months ago there were no rigs for hire anywhere, so sending one away prematurely was out of the question.

i might be wrong in thinking that drills come with their own outside crew. If it's just the machine that's hired, then the operators are VIT personnel who can be deployed elsewhere.

2) while picking the nits, it's true the PR says in the text that the burn rate is about half a mil per month. But elsewhere in the financials i believe i recall seeing that cash dropped from 9 mil to 6 mil in the quarter, so that suggests a burn of 1 mil per month ... it's possible that those reported figures are for a recent period of higher expenses, and that today & going forward, what with belt-tightening & cost-cutting, VIT has been able to cut that recent burn rate in half.

3) on the subject of bashers, i am glad you are tolerant. Pan is not a true basher, in the sense of illiterate goons who insult with nothing to say, although he may want to put VIT down for one reason or another. And there can be many reasons, as you know. He does raise some useful points, as we have just seen. He wasn't too far off when he said 1 drill (not quite accurate). Keep in mind the 2nd poster said 2 drills (also not quite accurate). And finally we arrived at this, that there's one drill turning at NW 13-a and a 2nd which is idle while waiting for studies to give direction to NW 12.

It would have been better if the company had made this clear in the news release, but sometimes these texts just get written up the way they're written up. I have no sense whatsoever that VIT is trying to conceal anything.

One can view someone like Pan as the grain of sand that produces the pearl. may i put this another way, James. Would you really want a message board that was stuffed with nothing but plummy overripe texts like you-know-who ?