OTCQX:GLDXF - Post by User
Post by
likeikeon Mar 09, 2021 12:24pm
109 Views
Post# 32753211
yep
yep GoldX (GLDX-V) has a giant gold project in Guyana containing 7.35 million ounces of gold in the M&I category. There is an additional 3.15 million ounces in the inferred category. The company just completed a 10,000-meter drill program designed to expand the resource and to upgrade the inferred resource. It has begun an additional 10,000-meter drill program.
The deposit is big but low grade, about 1.01 g/t gold. But it is the cheapest call on gold in the marketplace. Guyana is an expensive country to do business in. It’s pretty primitive. That’s what held management back before Paul Matysek took over a year ago, adding Robert Friedland as CEO. I’ve known Paul Matysek for almost twenty years. He has an incredible line of successful companies behind him sold for a total of $2.8 billion.
If you believe the price of gold is headed higher as I do, the
GoldX ounces are about as cheap as you will ever find. They will be adding ounces and as you do, you reduce both cost of production and risk. Robert Friedland has an uncanny eye for picking up assets and that is a plus.