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The Company's Eagle Gold Project in Yukon Canada hosts a National Instrument 43-101 compliant Reserve of 2.3 million ounces of gold.

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Message: TSX Trading Halt: US Gold up 18% in US Mkts - IMO it's a Bellwether for Jr's

TSX Trading Halt: US Gold up 18% in US Mkts - IMO it's a Bellwether for Jr's

posted on Dec 17, 2008 10:54AM

I would be surprise not to see a big rally in the better junior gold stocks tomorrow. I personally believe US Gold is a good bellwether stock for the sector because it has the greatest liquidity of any public junior gold stock that I know of. It trades on the American Stock Exchange so its trading was not affected by the halt in trading today on the TSX exchange. When a sector starts moving up the stocks that generally lead the advance are the ones that have the greatest liquidity and good fundamentals. I believe VIT's fundamental are significantly better than US Gold's fundamentals and its market capitalization is significantly more than VIT's capitalization.

By the way I tried to swap my stock for VIT's private placement, but unfortunately I was too late to get it completed before VIT's private placement closes tomorrow. Next time around I will know when and how to do it.

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