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

To: Elizabeth Andrews who wrote (1060)11/25/1998 6:20:00 AM
From: E. Charters  Read Replies (1) | Respond to of 1092
 
There is a case for it if Blackwell wanted to roll over. Remember we are talking about an era where Pegasus and Rea gold, two successful small/not so small producers went tits up in open pit mining situations. I don't buy what Charo says about the ounces left there. RPA did not do them any favours. You can include too much or cut too much with too little information. I would suggest the latter was done and it is equally irresponsible as the former.

EC<:-}

mailto:echarter@vianet.on.ca

The Canadian Mining Newsletter



To: Elizabeth Andrews who wrote (1060)11/25/1998 5:34:00 PM
From: charred  Read Replies (1) | Respond to 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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