Agoracom

- as for share dilution, I am very encouraged that they only took what they felt they needed at the last PP. this shows strong optimism for the future instead of issuing all they can at one time which most all other juniors would do. find me a junior in the last year that was almost 40 million over subscribed and did not issue them all.

Sounds like they were blinded by the light of the blue sky in their eye. Now they have to raise money selling units at $0.30. With the addition of the Gateway Gold staff and drill program their burn rate has, I'm guessing, doubled. After they spend $5 million to go under ground to drill helen cove their $8 million will be gone in the blink of an eye. We can look forward to significant dilution of VIT shares. BTW, how many holes can VIT drill into helen cove for $5 million??? They said their drilling costs dropped 30% but they did not say if that was from $600/foot to $400/ft or $300/ft to $200/ft. Assuming they drill for $200/ft and go to an average depth of 2,500 ft then it's $500,000/hole for 10 holes. If they cannot convince NEM to back-in with 25 holes then it's hopeless.