GREY:VITFF - Post by User
Comment by
blobboyon Apr 24, 2016 3:03pm
291 Views
Post# 24804112
RE:The situation has changed for the better
RE:The situation has changed for the betterI agree, let`s just hope gold continues to garner strength here. When an investor considers where we are at as a company as of today, then factors in future potential of increasing our resource through the drill bit....and then compares VIT to it`s peers, it sure looks like there is much more room to increase our share price. A few comparable companies that I have looked at seem to have done much better, for what ever reason VIT appears to have been somewhat over looked up until about a month ago. Sure we`ve seen a double off the bottom but judging from the sector wide performance we have seen in a few others, it looks to me ( not that that means SFA ) that VIT is poised to follow suit. Fridays shallow session of profit taking on golds corrective sell off may have been the last really good entry point before VIT moves to a level of where it probably should really be...say 50 cents +. Maybe I`m wrong, maybe decent drill results are priced in already, who knows. But if VIT has a doubling of reserves in the cards - and they just might - well the 35 cent level we currently see will be dust in the wind. Anyways, I`m not afraid to trade and never fall in love with a story, but I think I am of the notion to hold at least a couple hundred thousand shares as a core position and play with the rest. Sure would hate to be out when VIT rockets to the same level as KAM or BSX.