Post by
Paidmydues on Jun 10, 2005 1:14pm
Hard Rock Analyst on Virginia
These guys have been screaming "buy" on VIA since it strated trenching Eleonore at $1.00 so they look pretty smart on it. One of them way on the property just be forethe NY Gold show. Here's their take on the last news release.
Virginia Gold (VIA-T; closing up 28 cents $6.20 on 1.1 million shares) made a new high today with two bits of news that expand the envelope of Roberto’s potential substantially. The deepest test to date of the Roberto zone extends it 160 metres to a depth of 550 metres with a return of 12 m of 20.7 g/t gold; the Roberto Est is also confirmed to a 450 m depth with a return of 2.4 m of 51.9 g/t gold. These are huge holes in terms of indicating upside potential. Also important are trenching results that include 68 metres of 0.95 g/t gold (TR 20) plus similar results in several nearby drill holes. This broad low-grade material does add to the potential since this zone is close enough to the high-grade that the two could, heoretically, be blended during pit operations. VIA will be testing the apparent trend of this zone, which may be the Roberto zone’s
host horizons in a separate fold limb. This release pushes the “envelope of potential” at Eleonore through the 5 million oz level that will have the entire sector keeping an eye on the progress here. VIA is technically a 10-bagger from our early call on the Gayot nickel project some years back, but we are now looking at it as being in the 10-bagger league from our call on Eleonore last summer. All the parts are in place to sustain volume, and to add price as the resource continues to expand. https://www.virginia.qc.ca/
In other words - they think its going through $10.00 and they have been more right about this one than anyone.