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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: OT

Re: OT

in response to by
posted on Jul 16, 2009 02:02AM

valjone,

A couple of reasons vit went nowhere is the dilution (166 m shares o/s) and no cash to drill. They blew $ millions and have little to show for it. I am sure the ceo has the ability to raise more money but much more dilution will occur, especially in today's market. The properties look promising and it is a shame to see a them spread so thin this early in the game, there isn't enough to go around. IMHO, to blame the geo team for delays is a lame excuse, at best.

By the way, I am long on vit but tired of seeing valuable dollars wasted.

JJ

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