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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 9:02pm
133 Views
Post# 9464250

RE: u8fish

RE: u8fishHave you been watching bank stocks over the last couples years. A lot higher return than 10%. I don't know which ones you are buying? I digress. You can't ignore the financials. They can tell you a lot. It can take more than $10M to prove a resource. How much have they spent so far? Squat! That means they need to raise a lot of capital and dilution. I think you guys are dreaming if you think it will only take another 1M share PP. The Carlin stuff is nice theory but once these drills start turning we shall find out for real. Look at QGX for comparison. It has a gold property with 3.3 M Oz. proven along with other good properties (such as a huge coal property next to China) and is barely over $3. It has 32M shares O/S which is similar to GIT. If GIT can prove $3M Oz. you would be lucky to be at $2-3 with the required diluation. Now if the drills prove $7M+ you guys are talking.
Bullboard Posts