Post by
Waybackjoe on May 16, 2022 11:39am
The assay
I like it. Lets remember GIT is only doing limited exploratory drilling very carefully planned, cause it ain't cheap. To me GIT is a real going concern in the Junior exp: business. The drill cores are coming up showing trace gold plus and hopefully the grades will get better as we move on. The real deal here will be between now and the end of June. Thats the amount of time left for ELEM to buy out the 22 million Plutus shares that GIT owns. These are valued by GIT at 10 cents each. That means Elem shares to GIT amounting to $2.2 million. You do the math. This potential cash infusion is exactly what GIT needs to do scaled up follow up drilling.
Stay focused
WBJ
Comment by
Goldy63 on May 16, 2022 1:04pm
Yup that deal is still on the table . Life goes on but still was hoping for more considering VG in the cores so better grades .