V.LTH Message Board - Msg: 24738495

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Gold/Mining/Energy : V.LTH

LTH 27.54

+5.4%

3:59 PM EST

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To: chester_what? who wrote (816)	7/8/2008 12:24:52 PM
From: onward1	Read Replies (1) of 874

Timing is everything. Think how this play was constructed. Twenty or so months ago base metals were catching fire, any drill holes were getting big price action and speculators were more than eager to bid up teasing results. Lithic had a smart plan figured with zinc confirmation on older drill results to get some mojo up quickly, drill more holes for confirmation, then wrap up the program with the moly kicker. Now had the play expedited from the get-go, this would have had a great price run as results would have coincided with the peak excitement of the commodities run last year and would have played right into the moly-mania Kaiser window. Lithic would have soared to $2.00 and the next financing would have been done up at $1.50 with plenty of takers at that time. Lithic seems to have all the right elements now but the timing was missed on this go-round.

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