The Gold Report puts together analysis of Victoria Gold from Raymond James, Echelon and PI Financial. Well worth seeing why each of these firms see VIT as a buy with a target price of $0.90 to $1.00. At the moment VIT is trading at $0.48.
VIT has been releasing results from drilling in the areas surrounding its Eagle Deposit in the Yukon. It has started work on its mine at that deposit. The expectation is that VIT will be releasing results throughout the Fall. Those results will be from a number of targets which are some distance away from the original deposit and which, if proven up, would provide the material VIT needs to extend the life of the mine it is already building.
VIT must like what it has been seeing in the trenching and drilling undertaken this summer. The Directors voted to double the exploration budget.
Read the whole thing at The Gold Report
Talk-Deck of VIT’s CEO John McConnell at Beaver Creek: