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Goldsource Mines Inc V.GXS

Alternate Symbol(s):  GXSFF

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.


TSXV:GXS - Post by User

Bullboard Posts
Comment by dudediligenton Feb 28, 2009 5:15pm
328 Views
Post# 15811279

Extremely Low Market Cap

Extremely Low Market CapIt doesn't matter what todays price of coal is. If GXS continues to expand this resource to this same degree the share price will exceed all expectations. One does not base value on todays commodity price levels as we all know todays price is well below average market price going forward.
All one has to think about right now is market cap versus resource value. GXS is sitting at 21 million shares fully diluted.

So you have to ask yourself if you think this is worth more than the current 40 million market cap? There exists explosive upward potential once again with this low of share count. Monday morning could be quite exciting. You have to know the word is spreading like wildfire this weekend as many missed the entry on Friday.

Hang on!

Bullboard Posts