Penny pick for the radar! Gitennes is in the business of exploring for and advancing mineral properties with a focus on high-grade or large tonnage gold deposits. The company currently has five gold properties in Quebec, JMW, New Mosher, Maxwell, VG Boulder and Serpenphior, the Snowbird gold property in British Columbia and a 1.5-per-cent net smelter return royalty on the 18-million-ounce Urumalqui silver project in Peru. Gitennes owns 100 per cent of its Quebec gold properties except for New Mosher which is under option for Gitennes to earn an initial 70 per cent with the right to increase its ownership to 85 per cent.
With a market cap just over 1 million I think that Gitennes’s 1.5% silver NSR is worth more then the current company’s valuation. With several properties under their control Gitennes looks like a buy at .025 per share. Up 66% Friday with over 3 million shares traded leading the venture in volume. Coming off the bottom of the chart with the highest volume in 20 years of trading.
Gold is about to rise as the USA dollar drops. This one looks appealing. Several interesting projects in safe country’s. Back in the day was a $12 per share company. Mining stocks have been out of favour for several years but are starting to gain momentum. The chart looks spectacular coming off the bottom on huge volume. News flow to start and continue for this gold market bull run. We are overdue. Cheers and happy stock picking!!