Vista Gold Corp · AMEX:VGZ
Vista Gold — New York 2006 Hard Assets Investment Conference
15 slides from Vista Gold's conference presentation, May 15, 2006
Slide 1: Vista Gold Corp. – The Natural Hedge Against Inflation
Vista Gold Corp. The Natural Hedge Against Inflation …Gold in the Ground…. More Leverage, Less Risk New York 2006 Hard Assets Investment Conference May 15 – 16, 2006
Slide 2: Stock Exchanges VGZ (AMEX, TSE) Recent Price
Stock Exchanges VGZ (AMEX, TSE) Recent Price US $9.00 -52 Week Range US $2.80-$9.99 Market Capitalization US $209 million Shares Outstanding 23.2 million -Fully Diluted 29.9 million Insiders <5% 5/8/06
Slide 3: Performance
Performance Price History - VGZ (5/11/2005 - 5/10/2006) 240% i === Vista Gold Corp 220% 200° * — Amex Gold Bugs 180% 160% wee 5 680 Phix Gold & aan Silver Index 120% 640 ® acam% 600 = Dow Jones 80% 560 3 Industrials ox = 40% == Gold ($USD) 480 20% 440 0% 5/9/2005 7/4/2005 10/3/2005 1/2/2006 5/10/200
Slide 4: Our View of The Gold Market
Our View of The Gold Market Long term view continues to point to a secular bull market in gold. • New Mine Supply Flat (up 1% 2005 vs. 2004) – Shortage of discoveries – Development lead time – Mining Costs suffering inflation – Challenging international environment • Record Demand in 2005 – Wider ow
Slide 5: How long will it last? How high?
How long will it last? How high? Longer and Higher…. • In the past 100 years , two hard asset super cycles 1924-1937 and 1966-1980, both 13-14 years • Current bull market started 2001 • History points to very high prices at end of cycle – Gold price high compared to DJIA – Inflation adjusted 1980 pr
Slide 6: VISTA – The Alternative
VISTA – The Alternative Leverage with Less Risk.... • Nearly 15 Million oz. of Gold • No Exploration, Production or Hedging Risk • No Debt, $7 Million Cash • + 20-year History in All Phases of Mining • Experienced Board and Management
Slide 7: Vista Strategic Plan
Vista Strategic Plan Provide continuous call option on gold price…. • Acquire Discovered Gold Resources at Low Prices – All resource estimates are by independent consultants • Hold in the Ground for Higher Gold Prices • Add Value by Strategic Drilling and Engineering • At Appropriate Gold Prices, Re
Slide 8: Project Pipeline
Project Pipeline Project Pipeline 43 - 101 Engineering Resources Studies Reserves Permitted Awak Mas Long Valley w wv Guadalupe de los Reyes Hasbrouck-Three Hills Yellow Pine w Mountain View Maverick Springs Wildcat LIVSINIIISSN Mt. Todd In Process Y Development Projects *K Historical Estimates
Slide 9: Balanced Location and Political Risk
Balanced Location and Political Risk Vista continues to seek new opportunities while maintaining low to moderate political risk profile
Slide 10: Strategy is Working
Strategy is Working In the past year .... • Acquired 50 Exploration Properties in Nevada • Acquired Mt Todd, Australia • Advanced Sale of Amayapampa – At $650 gold, NPV5% = $17 million
Slide 11: Strategy is Working (cont.)
Strategy is Working In the past year .... (cont.) • Paredones Feasibility Completed Sept. 2005 – At $650 gold, $100 million capital generates 36% IRR, NPV5% = $241 million • Hycroft Feasibility Completed January 2006 – At $650 gold, $28 million capital generates 81% IRR, NPV5% = $87 million • Purcha
Slide 12: Growth in Gold Resource Base
Growth in Gold Resource Base • Period 2002-2005 – Raised $32 Million – Used $24 Million to Add 13 Million Gold Ounces at $1.83 per Ounce – Now 0.6 Ounce per Share Outstanding (plus Mt Todd)
Slide 13: Looking Forward 2006
Looking Forward 2006….. • Realize Value from Nevada Properties • Resource Estimate and Pre-feasibility at Mt Todd • Realize Value from Hycroft Mine • Advance Project Pipeline • Continue to Manage Company Conservatively with Sound Balance Sheet
Slide 14: Consider the Value
Consider the Value Gold Price $650 $mm Paredones Amarillos (NPV5) 241 Hycroft Mine Restart (NPV5) 86 Amayapampa Sale 17 Yellow Pine ++ Mt Todd ++ Cash 7 Potential Warrant Exercises by May 19 9 M&I Resources @ $20/oz 152 Total $512++ Value per share $22++ --diluted $17++
Slide 15: Disclaimer
Disclaimer UNCERTAINTY OF FORWARD LOOKING STATEMENTS The presentation contains “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and 21E of the U.S. Securities Exchange Act of 1934, as amended, that are intended to be covered by the safe h
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