Agoracom

- the mill canyon comment was related to our current market cap at 40 million. the point was mill canyon is about 1.6 km from their Cortez hills property. so dismissing your flippant waving at them comment, it has very similar mineralization ( read in detail about it in the past news releases with amazing drill results). Barrick felt so encouraged by the 10 mil+ find there that they paid $$$$1.7 billion to own the remaining 40% of the site. the market does not give us any future value to mill canyon, a possible big mistake. even if newmont backs in one day we still have 49% of it. They are so close there could be strong symbiotic relationship working both sites some year.

Mill Canyon may be the best property they have. ABX is not a factor until NEM bows out. Mr Market assigns no value because there is no NI 43-101 resource estimate in sight. Reviewing the PRs regarding Mill Canyon raises some serious questions. Madrid and Andrews (whoever he is) really cashed in with their finder's fee for Mill Canyon. Was Madrid an employee of Victoria at the time of his find? Was this a related-party transaction or an arm's-length transaction? Madrid and Andrews were each paid 5 million VIT shares yet I don't recall ever seeing either of them listed as major shareholders in the proxy materials. They must've dumped them along the way. Read the January 21, 2003 NR for details of NEM's back-in right which closed about October 20, 2003. In 2 months it's going to get interesting as the 30-day clock starts running on NEM's back-in provided VIT has spent $2 million by then. The big question is will VIT have enough data to convince NEM to play??? That's doubtful since they keep playing hop skip and a jump with their drills. Why wouldn't they keep a drill at Mill Canyon continuously to compile compelling data to get NEM to kick in their 250% expenitures???