I don't consider Cove or "Helen" to be VIT's only card, it's just the first one played by the board. Aggregate holdings are over 23million oz. and they are all workable sites and each one has at least a starter plan for recovery. That said, any ground with over two oz./ton does form a powerful incentive to mine. The Newmont agreement has crossed into the 90 day agreement phase and the company(VIT) does have the $1.5m for the optional buy out(byPP). I believe at this point the ball is in Newmont's court; either they come up with the $21.5m for development expenses in 90 days or we take the cake, all this without ever looking under the dike.

Grey