I am going to stick it out - the properties are good - they have cash - they have decent reserves and they are still undervalued (even if you don't use Cove because Newmont was not happy with the NI 43-101 inferred reserves by Scott Wilson and Associates).

Eagle is a great play and there is nothing wrong with their current approach.

At Cove, Newmont obviously wants measured and indicated reserves instead of inferred. It boils down to the definition of what constitutes a "resource". Additional in-fill drilling can accomplish this which I have to believe VIT could complete if they really wanted Newmont to participate. They are proceeding with design and permitting of the access drift that will also enable them to get bulk samples for full metallurgical testing as well as a small cash flow to offset development. Sounds like an okay plan to me.

Santa Fe could be big and could be worth the wait. I will also say that (from one who has drilled 100's of thousands of feet of exploration holes), if every hole is a winner how do you delimit the deposit or the controls - so not every hole will result in screaming "mine here" assays. I expect many holes to come up short before the deposit is fully understood.

I attribute the stock price slip to the Raymond James "forked toungue" approach to investment guidance. They provide a target price of .90 and then dump. What's up with that?

Just my thoughts.