Goldsource Mines Inc V.GXS

New resource estimation out.

[mmoital]

Steady grow but no surprises.

https://stockhouse.com/news/press-releases/2022/04/07/goldsource-announces-updated-resource-estimate-for-eagle-mountain-project

The push back of the PFS will possible hurt the stock, but more exploration could help if they find good gold.

In the mean time, yesterday my second holding (Westhaven) released a monster hole and the stock went up 68% in one day.

[mmoital]

One significant change is that the saprolite resource is now over 1 g/t (1.04 vs 0.95 in the 2021 RE). The fresh rock resource is slightly down (1.28 vs 1.32 in the 2021 RE). I think they were more conservative which is good to avoid surprises. With 400k ounces in saprolite, you can plan a 100k ounce  / year plant and then quickly move to the fresh rock using cash flow. You'll probaly

[inse]

This was a positive and successful Resource Estimate by any number of measures - Indicated Resource of 1.2 million ozs gold grading 1.12 gpt and Inferred Resource of 582,000 ozs of gold grading 0.98 gpt. But does anyone even know about it, or give a damn? Judging by the pathetic market reaction, the answer is a resounding no. So how do we get this positive RE announcement, and last month's