RE:RE:RE:Looking forward to the next few months Its all good IMOOCB1234 wrote: Your posts indicate you have a lot of doubts about this company, so probably best for you to invest elsewhere. But do check back with us a year from now post-1st pour, with commercial production humming when VIT is @ $1+. :)
VIT is just not a 1 Billion company (the $1/share it would put VIT in the 1B zone by valuation). There are many gold companies producers with some really good assets and solid management trading well below the 1B mark. Anything is possible but I have my doubts. I see high 50c/share as the top end of valuation for this year, and a pullback in 2020, especially if they have to raise more capital. The POG is the only factor that can change the future of VIT for the better.
It looks like they will start crushing using the secondary feed conveyor only (25% of crushing plant capacity), as the ore crushed by the primary crusher cannot get to the other crushing circuits yet. Now that does not impress me, especially when they are running over budget. Their only option is to continue operating during the winter months, which means they will not follow the FS and the costs will be much higher as a result.
Interesting days ahead.
GLTA