First off, any one can make a mistake and none of my comments were intended to mislead anyone who reads my posts. You assume everyone who has looked at Victoria’s web site knew that Black Canyon’s report hadn’t been updated since last year. I hardly believe that I am the only investor that misinterpreted this information.

As for the charts, take a look at the seasonal chart that I originally posted. I noted comments on the chart that the best time to own gold stocks was during the Oct to Feb period – and the chart clearly showed this to be the case for Victoria. The stock did move up from .57 to 1.60 during that time period, so my advise was spot on. Anyone who looked at my chart in October and bought Victoria at that time had plenty of opportunity to sell the stock for a profit. After the initial run up to 1.60 and pull back in the stock, I suggested that the stock would once again take a shot at moving back up to 1.60 – well, I only missed the target by .10 cent – it hit 1.50. Once again anyone who bought the stock on the pullback would have had the opportunity to cash in a profit on the recovery in price. The seasonal chart shows that this stock peaks out during the Oct – Feb period – is it necessary for me to tell anyone what they should have done with their stock during this period – logically one should have come to the conclusion that it might be a good time to take some profits during this time frame. If you want any follow up advise on my charts, I have repeatedly suggested that they go to stockcharts.com – select public charts – then look for posted by “Thomas smith”. In other words, I don’t just make a recommendation to buy without any follow up comments. I resent any inference that I am a pumper/dumper. See chart link below:

<img src="http://i186.photobucket.com/albums/x... " alt="Photobucket - Video and Image Hosting"><br><br>

My comments regarding taking approximately one month to drill holes at Cove McCoy was a direct quote from “Chad Williams”. I guess my failure here was to add any comments that there could be drilling problems, and it could take longer. I assumed that most people could figure that out for themselves that drilling doesn’t always run smoothly.

As you well know, in the past, Victoria has done a poor job in keeping us up to date relative to their current drilling status. To the best of my limited ability I have tried to give readers at least some insight as to when we might expect to have some drilling results. So what if I am off a month or so in my estimates – that’s a whole lot better than the actual information that Victoria has provided us with. When we visited the Cove McCoy properties, I thought the rig that was pulled off the pad was hole number 9, and hole 8 and 10 were still be drilled on. So it was reasonably for me to think hole 8 would be completed very soon. I haven’t called the company to verify your comments on which holes are not being drilled, buy I assume you are right – but to make a point, any mistakes I made were honest mistakes. I also want to make it clear that I am not an authority on Victory – the only person who is qualified to as an authority is the people who run the company. In the future, I guess I am going to have to make a hedge clause: This is my opinion as I see things, but it is your responsibility to do your own due diligence.