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Gitennes Exploration Inc V.GIT

Alternate Symbol(s):  GILXF

Gitennes Exploration Inc. is a gold exploration company. The Company is in the business of exploring for and advancing mineral properties with a focus on high grade or large tonnage gold deposits. The Company has five gold properties in Quebec, JMW, New Mosher, Maxwell, VG Boulder and Serpenphior, the Snowbird gold property in British Columbia. It has an option to earn up to an 85% interest in the New Mosher Gold Property which is 670 hectares and is located approximately four kilometers (km) from the past producing Joe Mann Gold Mine. The Maxwell Property is 6,640 hectares and it is located approximately 14 kilometers south of Chapais and 18 kilometers northeast of the Company’s JMW property. It owns 100% of the 2,150-hectare JMW Property, which is located approximately 30 km south of Chapais Quebec. The Snowbird High Grade Gold Project consists of eight mineral claims, comprising 3,018 hectares, located approximately 20 km west of Fort St. James, in central British Columbia.


TSXV:GIT - Post by User

Bullboard Posts
Comment by u8fishon Aug 25, 2005 6:09pm
100 Views
Post# 9463444

RE: u8fish

RE: u8fishThanks for the info and good summary! BTW I did have a look at some of the other properties. However, the company really is only concentrating on Tuch. Therefore, any upside will have to come from that property. BTW that $10 price estimate does not take into account the inevitable dilution to fund further exploration. I am not digging for easy info but looking for additional insight as to why a guy should by this one. I just don't like that fact that they have spent $26M (not $33M - my mistake)and don't have anything real tremendous. As you say, juniors are like gambling and your odds are better playing slots. That is why you need to look for fundamentals that are in your favour such as good management. What is management's history?
Bullboard Posts