The way to defeat dilution
in response to
by
posted on
Jul 16, 2009 09:50PM
The Company's Eagle Gold Project in Yukon Canada hosts a National Instrument 43-101 compliant Reserve of 2.3 million ounces of gold.
current negatives - large share dilution, eagle and cove are a ways off from production and if we can get them both there, company not giving any real idea of what they are planning on doing now and in the future and how they anticipate doing it without diluting us into oblivion.
current and future positives- Huge land package and one drill with a mega hit will make all the dilution ouches go away, we do have some cash to move forward, we are still alive and not in a coma like many other juniors and eventually VIT will tell us what they are planning on doing??? Raul and team are over due for a nice hit after lack luster results from black canyon, relief, and hilltop.
we know they are going to Santa Fe next but not sure how many holes they plan. Then perhaps another property by years end? here is a minor recap of where we might visit this year.
Mill looks great but why get involved in another poker game with Newmont like we have with cove......lets hit some pure VIT stuff!!!!
BIG SPRINGS, NEVADA
Carlin-type disseminated gold
NI 43-101 Indicated resource of 1.2 million ounces of gold at 2.67 g/t gold
SANTA FE, NEVADA
Sediment-hosted disseminated gold and silver
141.7 m of 2.06 g/t gold and 49.9 g/t silver
85.3 m of 2.77 g/t gold and 49.5 g/t silver
MILL CANYON, NEVADA
Carlin-type gold, silver-copper skarn, polymetalic sulfide- quartz veins and replacements
Situated between Barrickās Cortez, Cortez Hills and Horse Canyon Mines
12.8 m of 27.96 g/t gold
4.57 m of 45.02 g/t gold
5.49 m of 40.25 g/t gold
SUMMIT, NEVADA
Sediment-hosted gold and silver-copper
Historical production of 8,800 oz of gold
27.4 m of 10.38 g/t gold
29 m of 15.15 g/t gold