On January 9th, Wellington West Capital Markets Inc published a "Speculative Buy" recommendation for Victoria Gold with an initial 12 month target price of .70 Canadian. This target price is based on a probability adjusted in-situ value of less than US$25/oz. The report further indicated that if VIT is successful in putting in a ramp at Cove McCoy. it is likely that its in-situ value will increase to US$150/oz. IMO, that would translate into a much higher target price for VIT.

The research report indicated that VIT's is poised to become an exploration leader in mining friendly Nevada.