Golden Dawn Minerals Inc GDMRF

RE:RE:In again

[louel]

Normally I would say yes.  But in the case of XIM.    They have under their umbrella the responsibility to bear the costs for the Brett deposit. The final payment on the NSR purchase was made in December.   So now they will have this years exploration to cover there.

  Ximen also owns the Treasure Mountain Silver Project adjacent to the past-producing Huldra Silver Mine.
  Currently both the Gold Drop Project and the Treasure Mountain Silver Project are under option agreements.
  The option partners are making annual staged cash and stocks payments as well as funding the development of these projects.

  XIM not responsible for any funding untill a resource is developed.  At that time if the desired value is produced they can back in and fund their portion.  Or choose not to participate but still retain the NSR 

   This leaves them with the Brett which has produced pretty good grades but no mill to process.   Only 220 km haul time estimate one way 3.10 hrs  around 20k non paved logging road from pavement to Brett.

   Then they purchased the Kenville with excellent grade results and a proven deposit.     Again no mill that I am aware of.  But within easy 132 Km Major BC #3 Hiway Haul to Greenwood

 GOM Has a basically turnkey permitted mill and tailings facility the Lexington 5 year LOM deposit plus a number of yet to be explored old mine site claims.   The addition of the Kenville mine will pretty well double the LOM and has higher grades than the Lex which should compensate for the haul cost.

  Even if the Gold drop adds two or three years of production. The 4 projects together  amount to 15 to 18 years or more years.  That is a  LOM larger companies get interested in.  Because it encases 3 or 4 cycles.

  If Gold drop fails to prove up it costs XIM nothing and they still have a 12 plus year mil run on the Brett, Kenville and the Lex.  That is without including the mineral GOM has in the May Mac deposit and Golden Crown 
   The surrounding 12000 hectars under claim costs very little to retain (Filing fees)     But they are protected for future exploration if required.   Lots of time to look them over and drop what they don't want.   

   The way I see it should XIM buy GOM. It would probably be in a share swap.  It sounds like that may have been part of the deal with Kenville also.  As the recent deal with Kenville holders welcomes them on board  with XIM it is said.   
  In reality XIm has 2 projects and one (GOM) on the horizon  The other two are share cropped out
   Anderson says he intends to bring Golden Dawn into production.   The potential for a mine mlling operation is certainly there.  He is the first to step and ambitious for sure.      End of May when the trading halt is recinded is not far off.     If things come together I doubt there will be an advanced notice.  Chris already owns around 18 or 19% of GOM's float