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Gold/Mining/Energy : GITENNES Exploration (ase:GIT)
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To: Elizabeth Andrews who wrote (1060)11/25/1998 5:34:00 PM
From: charred  Read Replies (1) of 1092
 
They spent tons of cash defining 250,000 ounces. Approximately 10 million. What Charters is suggesting is that they spend more to find the extra 1.25 million ounces he says is there. Who will give him the money? At the current rate of dollar spent per ounce discovered, they need another 50 million or so. Sometimes you just have to throw in the towel. Wishing won't make a gold mine.

I am not sure f he controls any other companies in the area.
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