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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.
Message: VIT may be Added to Robert McEwen's Jr Gold Index?
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A reliable source of mine thinks Victoria Gold will be added to Robert McEwen's Junior Gold Index. Stocks for this index are selected by a committee and are usually added to the index at the end of the month. The last stock that was added to his index was San Gold on November 25th.
Why is this information important? Including Victoria Gold on this index immediately puts its stock on many institutional investor's radar screen - thus adding demand for the stock which often translates into a higher price for the stock.
Who is Rob McEwen? He is the CEO of U.S. Gold and co-founder of Goldcorp.
Why is this index important to investors? It is the only stock index that is composed exclusively of junior gold exploration companies - it is virtually the only way you can track the top tier junior exploration gold stocks. I have created my own point and figure chart on this index which is useful in evaluating whether or not supply or demand is in control of the sector - which in turns, tells me whether or not you should be implementing investment strategies that are defensive in character (protection of capital) of offensive strategies that are designed to maximize capital growth.
Index Details:
"The index is market-value weighted; that is, movements in the prices of stocks with higher market capitalizations (the share price times the number of shares outstanding) have a greater effect on the index than companies with smaller market caps..
The criteria used in selection include:
1. Minimum market cap of US$50 million
2. Minimum daily trading liquidity of US$50,000
3. Listed on the TSX, TXV-V, NYSE, NYSE.A, NASDAQ
4. Focused primarily on exploration
Here is a link to the index: http://www.mcewencapital.com/
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