posted on
Jan 03, 2008 10:00AM
Black Canyon - I believe drilling will be shut down for three months due to a short winter season. Cove McCoy - they are going to drill six more deep holes (over 600 methers). Frequency of drilling reports will be contingent on whether or not single hole results are material in nature. At the earliest, we could get some drilling report in February. If the company decides not to report drilling results until all holes are drilled in this phase of drilling, we may not have any results until April or May. But between now and the time any drilling results are released, IMO, the driving upward force in VIT will be the re-emergence of junior gold stocks, which are currently down approximately 20% from their highs in the last year.