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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: VIT's Stock Reaction To Today's Press Release

VIT's Stock Reaction To Today's Press Release

posted on Dec 15, 2009 06:56PM

How VIT's stock reacts to poor drilling news at Summit; a delayed pre-feasibility report/NI 43-101 Compliant Resource estimate for our Eagle property; a delayed engineering report/NI 43-101 Compliant Resource estimate for our Cove property; no drilling results available from our Santa Fe property until the end of January; a short term downtrend in gold bullion -- will give us a good indications as to the demand for our stock. If we simply continue a consolidation pattern between key support near the low C$.60's and its recent highs near C$.84, we should see new 12 month highs a few months out - given some positive press releases related to the above items. IMO, investors should be prepared to add to non core trading units of capital should VIT's stock give up some ground and decline into the low 60's. The only wild card that I see for VIT between now and the release of expected news events, would be a reversal down in the US$ from its curret rally mode - which in turn would prompt a resumption the the bullish long term upmove in gold bullion IMO - that event could be sufficient for VIT's stock to test its 12 month highs.

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