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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: Michael Mc Donough who wrote (60068)	6/21/2008 12:11:43 PM
From: AuBug	Read Replies (1) of 78403

VIT's NW-8 hole is the biggest step out yet and adds so significant volume. "Core drill hole NW-8 reached a total depth of 735 m (2,412 feet) and tested the Helen Zone 75-90 m (250-300 feet) below core drill hole NW-5." Take a look at slide 13 from their April show and see where all the holes intersect the Helen Zone. On slide 12 they project Helen is at least 450' x 400' x 700'. If limestone has a density of about 150 lbs/ft^3 then that's 8.6 million tons x 0.367 opt (average over 203' on slide 11) = 3.2 million oz of gold. At $0.81 x 93 million shares = $75.3 million mkt cap. So, Mr Market is only valuing the Helen Zone alone at $23.5/oz gold in the ground. Consider the other 7 properties and the other targets at Cove and VIT.v is a screaming bargain.

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