Re: Dec Presentation
Pay particular attention to slide 31 "Comparable Valuations":
Based on Location:
VIT Enterprise value is presently $29 based on measured and indicated resources in the ground.
VIT's peer group weighted average Enterprise Value is $78
Therefore VIT is presently sellin at 37% of it peer groups weighted average valuation.
Based on Resources:
VIT Enterprise value is presently $29 based on measured and indicated resources in the ground.
VIT's peer group weighted average Enterprise Value is $68
Therefore VIT is presently sellin at 42% of it peer groups weighted average valuation.
Keep in mind VIT's current undervaluation will be even larger than what exists today when VIT reports new resource estimates on two of its properties. I expect VIT to show an increase in measured and indicated resources before year-end - both for its Cove and Eagle Property. A press release regarding a first time resource estimate for it Cove property is do any day now. Eagle's new resource estimated are expected to be released toward the tail end of this year.
