RE: Time Line Re VIT's 2009 Drilling PlansThis is precisely what I have been talking about re: VIT.
This sector has been DECIMATED by low valuations (average $0.25/ Ag equivalent ounce, on average, vs. $4.00-$7.00/oz two years ago), and despite being nearly $1,000, PM market sentiment is at its lowest level of the entire bull market.
VIT is one of dozens of companies in this situation, all of which have dealt with a virtual sieve of selling for two years, no matter how much news comes out, or what it is.
Not only have I owned VIT and many other juniors for the past seven years, but the junior mining sector is my area of expertise. I agree whole-heartedly that Chad has been more agressive than nearly any other junior mining company worldwide, but in the past two years that has been meaningless when it comes to stock prices.
I mean, geez, the, TSX-V is STILL down 70% even after its mild rally this spring, which by the way has been falling yet again this past month (coincident exactly with VIT's recent SP fall). And, BTW, if you take the non-PM stocks out of the TSX-V, I guarantee that it is down far more than 70%, probably more like 80%-90%.
In nearly every category, I rank VIT in the top 2%-3% of all junior miners, and expect that rank to even improve in the next year given all they are up to. This should translate into outsized market outperformance once capital returns to this sector, which I am expecting to happen in the near future.
yoyo