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Gold/Mining/Energy : GITENNES Exploration (ase:GIT) -- Ignore unavailable to you. Want to Upgrade?


To: John Stokes who wrote (898)11/25/1997 9:45:00 PM
From: E. Charters  Read Replies (1) | Respond to of 1092
 
Well we need 2 grams for 400 feet wide by 1000 feet deep and 2571
feet long for 5 million ounces.

A snap I'd say. And that is $8.33 fully diluted and allowing for
development. But since it will be dirt cheap mining It may go to
ten bucks.



To: John Stokes who wrote (898)11/26/1997 10:23:00 PM
From: E. Charters  Read Replies (2) | Respond to of 1092
 
The problem that makes out super-critic charred "right" here is the
tanking of the gold market and the slowness of the project in Peru
which is not infrastructure rich.

The underground project is 6 weeks from completion but it may be until
March that we have answers. It did take Pierina a long time to come
up with a similar answer and they had the no-drill attitude from the
outset.

The institutions are going sideways in a bad market and this will not help
as stock like Gitennes that is largely insitutionally held.

echarter@vianet.on.ca