I believe we have finally seen a bottom in VIT. With my expectation that
Gold will easily take out its old highs near $1035 this year, its hard to
believe that VIT and the majority of junior gold exploration companies won't see a major upmove. In the case of VIT its astounding that this stock is so cheap given all the good drilling news, the new management team at VIT, and a host of positive developments within the company. Despite all the positive things happening with VIT, its stock remains near the price it was in December 2007 - just before the company reported robust drilling results (in Dec 2007 VIT was trading near .75 C and right after the positive drilling news the stock hit 1.60 C). There are at least four analyst now covering VIT and all of them have a price targets ranging between 1.40 and 1.50 C - and those price objectives are based on very conservative assumptions. Should VIT continue to report drilling results at Cove McCoy comparable to what we have seen on average over the last year, I wouldn't be surprised to see the analyst raise their targeted price for VIT. I truly believe that risk oriented clients should be stepping up to the plate and adding to their holdings.
By the way, per my recommendation, VIT's web site is now going to have some kind of link to news items like - Raymond James recent recommendation on VIT - they upgraded their recommendation on March 26th to "strong buy" with a target price of 1.50C. Investors like to know who is recommending the purchase of their stock. It's up to you to see how you can obtain a copy of their research reports, but I am sure some of you have contacts with variours analysts that cover this company.
