December 8, 2009
VHGI Gold, Inc.
INVESTMENT THESIS & RECOMMENDATION
VirtualHealth Technologies, Inc. (VHGI) through its wholly owned subsidiary VHGI Gold, has acquired a Lease-Purchase Option Agreement for the Treasure Gulch Gold Mine in Prescott, Arizona. Due-diligence material from Western Sierra Mining Corp, Inc. (WSRA, a public company owing the subject property) estimates Proven and Probable Gold Reserves in excess of $50.0 million. The first12 month proforma financials filed in the most recent 8k project revenue of 4.7 million and net income of 3.4 million from this property alone.
Gold prices are rising in response to global economic and political turmoil, and are expected to increase further ranging between $1,200 and $2,000 per ounce. The significant premium, attributable to many macroeconomic events is expected to continue as the global recovery remains sluggish. The Company expects to leverage its operating history as a gold producer to gain traction in this market. We believe the opportunities are immense if the Company is able to make a significant strike.
IMPORTANT DISCLOSURE
VHGI HAS PAID FOR GOOGLE ADVERTISING AND OTHER MEDIA THAT LINK TO THIS REPORT. ALTHOUGH MR. PAUL COHEN IS IS AN INDEPENDENT ANALYST, HE HAS BEEN COMPENSATED BY VHGI TO PREPARE AND DISTRIBUTE THIS REPORT THROUGH GRASS ROOTS RESEARCH AND DISTRIBUTION, INC. FOR MORE INFORMATION REGARDING HIS COMPENSATION PLEASE REFER TO HIS DISCLOSURE AT THE END OF THE REPORT.