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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 jknf113on Mar 16, 2008 3:08pm
211 Views
Post# 14728738

RE: Buyout in the next 12 months

RE: Buyout in the next 12 monthsJanny, what if GIT completes the deal with a major joint venture partner for Tucumachay, and the major hits some great intercepts.  Don't you think it would be prudent for the major just to buy GIT flat out?  We will have Uramalqui with a 43-101 compliant resource calculation just on the main vein, which will probably come in around 20 million ounces of silver.  Totoroku, has the makings of being a world class copper discovery, according to Kaiser, and I also know from speaking with Jerry that this property has enormous potential.  I think that GIT at these ridiculous levels could be a takeover target, lets face it all someone would have to do at this point and time is offer $0.50/share and suddenly they have three excellent properties to explore with huge potential for only $25 million dollars.  Like I have said before GIT is grossly undervalued, having said all of that the market conditions have not been great lately.

Time will tell
Bullboard Posts