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Gold X Mining Corp. GLDXF

Gold X Mining Corp. is a Canadian junior mining company developing the Toroparu Gold Project in Guyana, South America. Gold X has spent more than US$150 million on the Project to date to classify 7.35 million ounces of Measured and Indicated and 3.15 M-oz of Inferred Gold Resources, develop engineering studies for use in a feasibility study, and define a number of exploration targets around Toroparu on its 53,844 hectare (538 km2) 100% owned Upper Puruni Concession.


OTCQX:GLDXF - Post by User

Bullboard Posts
Post by soccer57on Aug 13, 2010 10:19am
783 Views
Post# 17348126

30,000 tpd

30,000 tpd

this would be about  240,000 oz au useing .7 g/ton without adding in credits

30,000 (.7)  21,000/31= 677 (355 days)=240k oz au .......... pretty good.

I am new to SSP and it is slow getting company answers.  Is there a plan to mine the  surface  80,000 oz au  first?
to cheaply develope cash flow and higher stock price before dilution for the 30,000tpd operation?
What is the time frame for  cash flow? are they surface mining/ The web site infers that they are but the financials do not.
Thanks
Soccer
Bullboard Posts