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Gold X Mining Corp. GLDXF

Metals & Mining Industrial Metals & Minerals
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

Gold X Mining Corp.
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Comment by andrewsudson Sep 07, 2011 2:34am
301 Views
Post# 19016860

RE: RE: RE: Finacing...??? -

RE: RE: RE: Finacing...??? -a financing at these prices would be an absolute travesty, but don't fall for that kind of soft bashing (not that Im calling you a basher).  When I talked to Sandspring execs in vancouver last spring they said the burn rate was around 2 million per month.  That means they have a year and change to upgrade the resource at toroparu in preparation for mine financing.  A financing would only make this company more vulnerable than it already is to get bought for a pittance and the ceo and family are some of the largest shareholders so you now they wouldn't want this.
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Dealroom for high-potential pre-IPO opportunities