GREY:VITFF - Post by User
Post by
jmlguyon Feb 27, 2013 11:51am
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Post# 21048853
Just listened to BMO presentation
Just listened to BMO presentation No audience questions which showed we are not on anyone's radar screen. McConnel gave general presentation telling how infrastructure is intact, permitting on schedule for Eagle and possibly surrounding stakes with 1st Nation. 200,000 oz gold production begnning in 2 years;at $1525 gold, payback is 3 years...reserves tripled to 6.3 mill oz AU. Still need to $430mm to construct but bak consortium thru Rothchilds have done equivalent of bankable feasability study which leaves $110 to $170mm to be raised thru gold stream or ? or forward sales. McConnel certainly not a dynamic spokesman, but hopefully will make up for it in managerial skills;he does have a heap leach mine expert on board. My question, had I driven the 100 miles to the S. Florida presentation, would have been, "Has any co. approached VIT about a takeover?" Doubt if this presentation will help share price. We need an able bodied PR firm, and soon!