Goldsource Mines Inc GXSFF

Primary Symbol: V.GXS

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.

TSXV:GXS - Post by User

Goldsource Mines Inc

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Comment by Grizzly44on Jul 09, 2008 5:20pm

181 Views

Post# 15275261

RE: GXS short 6- 8 million dollars...

The mags indicate an anomaly 7 kms by 17 kms, as I recall. So if you take a conservative box 4 kms square and 25 meters thick. for 20 million shares, 1.3 tonnes per cubic meter, and $75 a ton.The in situ value per share is $1950 per share. Usually about a quarter of that is the stock price. $500 a share.
A long investor can only lose his initial investment, a short can lose forever. It is a long way from $15 to $500. 10,000 shares would be a loss of $4,850,000.
Good on you, at least the have the courage to put your money where your mouth is!!!
Regards,
The Grizz

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