Hier mal ein Paar Einschaetzungen zu Victoria aus dem BULLBOARD
Ich persoenlich halte VIT.V fuer 0,80C$ fuer nen klaren Kauf,aber macht euch euer eigenes Bild
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Drilling Results Analysis & Victoria Outlook
thomas341
6/20/2008 11:38:11 AM | | 215 reads | Post #23480973
Recent drilling: Allthough NW8 drilling results indicated further high grade gold results @ .403 oz. per ton for the longest intersect of 30ft., drilling results from hole NW1 through NW7 had longer intercepts:
(NW1 34 feet @ .642 o/p/t)
(NW5 45.5 feet @ 1.087 o/p/t - 138.5 feet @ .0478 o/p/t - 203 feet @ .37 o/p/t) (NW6 65 feet @ .457 o/p/t)
(NW7 50 feet @ .0475 o/p/t)
Today's drilling results were not as robust as some of the past drilling results, but they were still pretty much in line with the intercepts mentioned above. Should drilling results from NW9 - NW12 have similar results, IMO, Vitoria will announce its next drilling phase at Cove McCoy - that phase could include another 40 holes that could be drilled from an adit near the bottom of the Cove Open Pit. I believe this phase of drilling, should it occur, will be designed to identify how much commercial gold reserves are actually available possibly leading to an eventual feasibility study.
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I believe we have finally seen a bottom in VIT. With my expectation that
Gold will easily take out its old highs near $1035 this year, its hard to
believe that VIT and the majority of junior gold exploration companies won't see a major upmove. In the case of VIT its astounding that this stock is so cheap given all the good drilling news, the new management team at VIT, and a host of positive developments within the company. Despite all the positive things happening with VIT, its stock remains near the price it was in December 2007 - just before the company reported robust drilling results (in Dec 2007 VIT was trading near .75 C and right after the positive drilling news the stock hit 1.60 C). There are at least four analyst now covering VIT and all of them have a price targets ranging between 1.40 and 1.50 C - and those price objectives are based on very conservative assumptions. Should VIT continue to report drilling results at Cove McCoy comparable to what we have seen on average over the last year, I wouldn't be surprised to see the analyst raise their targeted price for VIT. I truly believe that risk oriented clients should be stepping up to the plate and adding to their holdings.
Victoria's stock (.76 C today) has continued to fall on reduced volume - and much of that weakness is already reflected in its stock IMO. Current wekness, IMO, has been due to: management's lack of providing adequate information flow as it relates its drilling activities and other corporate activity to increase shareholder value; investors fear that drilling results would not be as robust as former drilling results; Victoria's problems obtaining a qualifed drilling crew for a third rig; poor invetor sentiment for the entire junior gold exploration sector; and the recent $150 dollar drop in gold bullion prices.
IMO, most of the issues mentioned above should show a significant improvement in the coming months: IMO, gold bullion has already established a low for this year, and I expect its price to be well above $1,000 an ounce before year-end. I also expect to see a substantial improvement in market sentiment toward the entire junior gold exploration sector, which will eventually lead to higher prices for most of the stocks in this sector - including Victoria Resources. Also, one shoud note the seasonal patterns will start favoring high gold stock prices towards the end of this summer. I believe that management at Victoria will eventually be successful in hiring a qualifed drilling crew that will enable this company to operate a third drilling rig. With a third drilling rig, information flow on drilling activity is bound to increase incrementially. The more frequent the news flow, the more likely its stock price will be supported at a higher price level than its current price. Regarding information flow, Victoria should have another press release on NW10 in the next couple of weeks. I also believe management will continue to find new ways of marketing this company to the public and expanding its shareholder base.
The bottom line, IMO, investors would be well served to take advantage of today's low price for Victoria and add to their positions.
Cautionary statement: Investing in Junior gold exploration companies involves a high degree of risk and also substantial upside appreciation potential. You should limit your investments to risk capital that you can afford to lose a substantial portion of. Also, you should note that I personally own a substantial position in this company. The statements above reflect my opinions, and I urge all investors to do their own due diligence before making any investment decision to buy this stock.
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