That is the $.18 cent question.....or at least why the company is trading at this level, in my opinion.
VIT has spelled out on their website they intend to raise the money through Debt, and some combination of Royalty, Stream, Asset sale, JV, or Equity issue.
We are all hoping they can complete a Deal in the next few week, so that construction will begin this spring, and Production will still be realized in 2015.
I am Long VIT, and with the Enterprise Value only giving them a value of $6.00 for every ounce of gold they have in the ground, I am willing to wait for this mine to get built.
Great leverage to Gold Price with VIT if you are a believer in $2000-$3000 gold......Which I am.
Van
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