In three weeks we should have an ACTUAL reserve estimate at our Cove Property via a NI 43-101 compliant resource estimate. Most of the analysts who follow VIT give very little extra value in their 12 month target price for VIT. Secondly, the reserve estimates could come in higher that what analysts actually expect.
By year-end, we should have a completed pre-feasibility study completed at our Eagle property. We could get a bump up in its reserve estimates from this report due to the fact that gold is $700 an ounce higher today than when the previous pre-feasibility study was completed several years ago.
Maybe we are close to monetizing a deal with our property in Africa.
Lastly, there is plenty to speculate as to what new drilling prospect VIT is going to announce very soon - another Cove target or Mill Canyon, IMO, would do wonders for our stock.
Bottom line: there is plenty of reasons for VIT's advance - it still remains significantly undervalued based on gold reserves in the ground approximately $26 per ounce vs. its peer group of approximately $66 per ounce) -and that undervaluation could be even more so should when new reserve estimates are made over the next three months at Cove and Eagle.