Goldsource Mines Inc 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.

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Goldsource Mines Inc

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Comment by badswedeon Sep 25, 2009 4:26am

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Post# 16337613

RE: RE: Undervalued?

I didn´t miss that Kerogen, ofcourse there are a lot of costs to mine it. I just talked about the MARKET value of GXS coal.
In my calculations of value I have used 0,7- 1 dollar a tonne in ground. The 43-101 are gonna give us aprox 250 m/t for now, in my world this means fair value at 8,75-12,50 dollar a share, at current float.
After next winter drillprograms I will anticipate a double of the resource and value.
I will start unload at around 15 dollars, and I´m in no hurry.
Meanwhile I use the ups and downs here for trading in my shortterm portfolio, been great so far. But my coreholding I hold on to target.
Kerogen, it´s nice to hear you say it may be undervalued, what pricetag should you put on GXS using same resource (250 m/t)? Thanks for input.

From Sweden with love / Ben

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From now on, dynaCERT instead of Bitcoin or NVIDIA?