kinross exercised their options? what are you talking about?? i did not know we gave them options.

"There's dilution and there's dilution. If the float is 500 million shares and those shares are held 90% by one entity (Kinross) the de facto float will be only 50 million."

kinross owns 21%, i am not sure what you are talking about 90%, etc. that will not happen. they would just take us out well before that.

kinross has not even taking part of the past few PP financings.

"VIT management has to be wary that VIT doesn't exhaust itself on exploration and thereby leave itself helpless in any finishing buyout negotiations with Kinross."

exhaust itself on exploration?????? again, HUH? we have some 30 properties and we have not been doing much of any exploration at all. this is going to exhaust us, 3 drill holes a year??? the cost of drilling is nothing compared to feasibility studies and moving eagle and cove forward. Would one not think that drilling, getting some amazing results on several properties would be more powerful in "buyout negotiations" ?