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


To: Go long who wrote (1013)9/12/1998 2:12:00 PM
From: E. Charters  Read Replies (2) | Respond to of 1092
 
Gitennes cannot\will not seek a joint venture with an uneconomic property. Because of its leachability, which I might add needs further testing, I believe it is economic.

I would not mind mining it myself If I could come up with the 80 million to make it a mine. Anyone got that kind of cash and we will go mine it?

You see the problem. A heap leach property may cost as little as 25 million. With the first 25 guys with one million in the door, I will approach Blackwell with a proposition.

See my profile for the phone number. Don't all ring at the same time as I do not have call waiting.

BTW I know may Chinese people from my student days in Toronto, is Long your family name or Go?

mailto:echarter@vianet.on.ca



To: Go long who wrote (1013)9/13/1998 11:39:00 PM
From: snorkel  Respond to of 1092
 
It probally would be an economic find if the price of gold went up signifinately, but who can tell what is going to happen. I really thought they had a much , much bigger find . Now how much are they going to loose with a joint venture in these market conditions.Jerry even said,,, Barrick and others are not interested in buying them outright. This kind of talk really concerns me. If they say Barrick etc is not interested in them and the find is not economic at these levels , and they are trying to do a private placement for money, and they want a joint venture partner,,,,, DO THEY HAVE ANYTHING FOR THE SHAREHOLDERS????? Maybe 5 cents a share like the rest of the gold plays.