VGZ: Batman's Promise

Adrian Day's Global Analyst (08/19/2010)
"Vista Gold released the preliminary feasibility on the Batman deposit at its Mt. Todd project in Australia. The study showed a profitable operation even using the three-year average gold price of $950, with base case reserves of 2 Moz. and costs of $487/oz., for a net present value of over $200M. That is more than twice Vista's total market cap ($89 million), even after the sharp rally in the stock price from under $1.40 for half of July and August to $1.91 on today's close."

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