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.

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Goldsource Mines Inc

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Comment by HighTeston Nov 12, 2009 2:59pm

391 Views

Post# 16480885

RE: RE: RE: RE: RE: Fundamentals

Here's a crazy idea. Nobody cares if they will produce or not just yet. GXS has something and is getting results in a new thing, and may sell some coal one day. Better than the run-of-the mill, blood-sucking, do-nothing companies out there that for some reason were not wiped out by the financial crisis that print shares like toilet paper and overpay themselves with shares and warrants and options to be blown out to the masses as fast as they can before changing the name and rolling the shares back for another turn at the trough.

Oh, yeah. Word up. Coal is oil.

Oil will resume the $150 a barrel prices soon enough, and the current price will seem like a dream, IMO.

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