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Gold/Mining/Energy : GITENNES Exploration (ase:GIT)
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To: Pete Mimmack who wrote (977)8/6/1998 4:48:00 PM
From: Moneysmith  Read Replies (1) of 1092
 
The other point worth noting is the 80% recovery estimate.

This was an issue of concern earlier.The Virgen deposit has all the makings of a profitable mine BUT we will need financing. As I see it, Gitennes is a takeover target...someone else with deep pockets will put this property into production. Gold prices are abysmal with no sign of change in the short run ..lets hope the US dollar loses some of its magic and investors rediscover the "safe haven" character of gold. That is another story.
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