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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: raymond james


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.

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