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Gitennes Exploration Inc V.GIT

Alternate Symbol(s):  GILXF

Gitennes Exploration Inc. is a junior mineral exploration company, which is engaged in the business of exploring for and advancing mineral properties. It has two properties in the Sept-Iles region of Quebec where it is exploring for nickel, niobium and tantalum, and three gold properties in the Chapais-Chibougamau area of Quebec: New Mosher, JMW and Maxwell. All properties are 100% owned by the Company except for New Mosher, which is under an option agreement whereby the Company earns an initial 70% and has the right to increase its ownership to 85%. The New Mosher property is located near the town of Chapais in northern Quebec. Mineralization on New Mosher is within a sheared gabbro and basalt with mesothermal type gold-bearing quartz veins. The JMW property is located in the Chapais-Chibougamau area of Quebec and is a ten-claim property located in the Val-d’Or region of Quebec. The Maxwell property is located in northern Quebec and comprises 169 claims totaling 9,112 hectares.


TSXV:GIT - Post by User

Bullboard Posts
Comment by u8fishon Aug 25, 2005 9:02pm
137 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