My notes from Wellington West research notes on VIT:
Wellington West reaffirms their target price of .85 for Victoria Gold. Recent press release and property update for VIT has reinforced their view that the ounces of gold that VIT has in the ground should be re-rated as it gets closer to production. VIT is currently selling $13.00 per ounce relative to its peer group that are currently selling at $66 per ounce of gold in the ground.