Valuation
"We are maintaining our STRONG BUY rating and increasing our target to
$0.80(from$0.70).Our target is base don a $1.00 (from$0.88)NAVPSanda
0.8x (from 0.7x) P/NAV multiple. Our expanded multiple reflects potential
transition to developer status. Pro forma, we estimate VIT is trading at
US$11/oz, a steep discount to gold develop...
G.