Gold X Mining Corp. GLDXF

RE: RE: Staring matches

[eebler]

They've been doing alluvial mining in the past, so the transition to hardrock is going to mean bigger costs.  Hard to say how much of what they have on-site is already viable so until they can actual produce some of the preliminary feasibility studies, it really is just a guess.  I've seen some new mines brought in for 250m-350m and others costing way more.  With Sandspring off the beaten path and with a much bigger and more complex circuit to run, the costs for power and logistical access are definitely going to be more than some mines that are lucky enough to be within spitting distance of roads and main power grids. Longer-term, it will likely be a drop in the bucket though when you look at the potential size of the resource. 

eebler