  We report on the evaluation of the performance of a Mediterranean very large
volume neutrino telescope. We present results of our studies concerning the
capability of the telescope in detecting/discovering galactic (steady point
sources) and extragalactic, transient (Gamma Ray Bursts) high energy neutrino
sources as well as measuring ultra high energy diffuse neutrino fluxes. The
neutrino effective area and angular resolution are presented as a function of
the neutrino energy, and the background event rate (atmospheric neutrinos and
muons) is estimated. The discovery potential of the neutrino telescope is
evaluated and the experimental time required for a significant discovery of
potential neutrino emitters (known from their gamma ray emission, assumedly
produced by hadronic interactions) is estimated. For the simulation we use the
HOU Reconstruction & Simulation (HOURS) software package.
