We should have some drilling results at Windy Point before month's end, and we are presently over due for a press release with a new resource estimated at our Cove property. If you recall, Windy Point was VIT's primary 1st choice drilling target at Cove; however, the Helen Zone was drilled first - I believe the Helen Zone was drilled first because they were able to get drilling permits sooner than they could get at Windy Point. We all know that VIT's drilling results at the Helen Zone were robust - and in fact, Chad Williams had indicated that the results were the best results reported by a junior gold exploration company in the past 20 years. Since Windy Point was their first choice for drilling at their Cove property, their drilling results could be as good or better than what we have already achieved at the Helen Zone. IMO, we could see a sharp acceleration upward in our stock over the next couple of weeks, if in fact, drilling results are robust at Windy Point. Our stock is down significantly from its highs @ C$1.55 due to a miss calculation of resources at our Cove property - VIT had to remove 300,000 ounces from their initial resource estimate of 500,000 ounces. IMO, some of those 300,000 ounces of gold that were removed from VIT's resource estimate will be added back into VIT's resource estimate for our Cove property. In other words, we have the potential for two very favorable news announcements - drilling results at Windy Point and an increase in reserve estimates at our Cove property. I also believe that if these two positive news events materialize, investors will once again focus on the likelihood that
NewmontMining will make a decision as to whether or not they will exercise their back in rights. The longer Newmont Mining takes in making a decision on their back in rights, the more costly it will be for them because NEM has to reimburse VIT 2 1/2 times the money the VIT has spent on its drilling expenses, permits, etc. This year VIT will be spending several million at our Cove property- for drilling, permits, and building an adit once VIT obtains the required permits.