Goldsource Mines Inc V.GXS

Alternate Symbol(s): GXSFF

Metals & Mining Gold

Goldsource Mines Inc. is a Canada-based resource company, which is engaged in exploration activities. The Company is focused on the Eagle Mountain Gold Project (Eagle Mountain) for which it has a 100% interest in the Eagle Mountain Prospecting License (EMPL) and the Kilroy Mining Permit (collectively, the Property). The Property is located approximately seven kilometers (km) south of Mahdia Township (population approximately 3000). Mahdia Township can be accessed by road from Georgetown, a driving distance of approximately 325 km, or via air by a commercial flight. The Property consists of an area of approximately 5,050 hectares (ha) (12,480 acres) in central Guyana, South America. 4,784 hectares (11,820 acres) of the Eagle Mountain Property relate to the EMPL while 266 ha (660 acres) relate to the Medium Scale Mining Permit held by Kilroy Mining Inc. (Kilroy), on which the Company has a long-term lease with a 2% net smelter return royalty.

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Goldsource Mines Inc

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Post by Mexicanelephanton Jul 22, 2008 12:47am

347 Views

Post# 15315517

Margins on coal

Firstly oil is in short supply, but coal we have tons of. The US, and not Canada, is the Saudi of coal, so they already have great infrastructure. BUT, watch out for rail. Rail kills ya. Buffet errr BNSF charges Powder Basin coal miners $28/ton to ship by rail from WY to the port. The miners get $8/ton. So who makes money on coal? Right, buy the railroads.

If you don't believe me you can come to my oceanside house in Sask and you'll see for yourself just how close GXS is to the ports.

At $28/ton freight, BC's coal will always be more economic

Oh yeah, and the world is awash in coal. Did I tell you that already?

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