IMO, on the surface, recent drilling results for hole # 10 came in below expectations for some investors; however, one should note that this hole was a significant step out from all of the other holes drilled to date - see company's web site for a 3d picture of where #10 was actually drilled. If the results had been stellar, the news would have been considered extremely positive. On the other hand, Victoria is trying to find out the potential size of the Helen Zone - and in order to do that they have to step out in different directions to find out its boundaries. The further you step out, at some point, you would expect the mineralization and grades to diminish - and that is exactly what has occurred here IMO. We still have an additional six holes that will be drilled in this phase at Cove Mc Coy. You can be sure that all the drilling results from these holes will not meet investor's expectations; however, what is important is whether or not VIT is successful in expanding the size of the Helen Zone. IMO, VIT has already had sufficient drilling success at Cove McCoy to support a
stock price that is considerably higher than its closing price today at .59 C. Keep in mind that this discussion is not even taking into any consideration the potential drilling results from Hilltop or any other of VIT's properties. I am still a buyer into weakness.