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Gold/Mining/Energy : GITENNES Exploration (ase:GIT)
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To: Moneysmith who wrote (1066)12/1/1998 8:11:00 PM
From: Pete Mimmack   of 1092
 
Yeah, and the $17 per oz was for only 400,000 ozs. Sounds like the property has a lot more than that, so it does not sound too good. Perhaps the silver lining will be the NSR down the road.

I know they were down to < $1 million, so may have felt they needed to just do what they could in order to stay alive for the upswing in the market.

Congrats on owning Cambior - they sure got a deal.
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