Viacom Inc. VIAB

situ valuations of Virginia

[threegrams]

Cannocrap ( Canaccord ) has gone to a hold on Virginia ,their reasons are present size EST. of 3 to 3.5 million oz's( rough calculation,) Using situ valuations of 35/oz to /45/oz present drilling does not justify current market capitalization.so market is in a very over priced mode, even considering mining property in Canada with significant exploration leverage ?????? My question ,in the negotiation stage would the management not be using something above 75/90 (us) an oz in discussions.I could not under stand why a company would deal this property away at values under 50 situ valuations. This is Quebec not some third nation etc etc . So what should this company be trading at?? I was always under the believe mining stocks find there own true levels.

[ChuLai70]

I haven't seen the Cannacord report. Was it prepared before the latest drill results? I would prefer to get more of a consensus from independent analysts following this latest update and run in the price of gold. Virtually everyone was in agreement that the stock was ahead of itself based on the reserve estimates relative to drill results thus far. Virtually everyone seems to be in

[megacopper]

The valuation on VIA at present is a little rich for what they have so far IMHO. That being said I can see how investors justify the current market cap because its in the friendliest mining evironment in the world. What better place than Quebec to find a huge gold deposit. There is always a premium given to such discoveries in Canada. Listen folks, its a no brainer and VIA will be taken out at $10