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Goldex Resources Corp V.GDX

Alternate Symbol(s):  GDXRF

Goldex Resources Corporation is a Canada-based junior resource company exploring and developing gold properties. The Company is engaged in the acquisition and exploration of gold exploration and evaluation assets. It owns 100% of the mineral title and rights to explore and extract minerals from a mineral property known as the El Pato Property in Guatemala. The El Pato Project is located in south-eastern Guatemala, five kilometers (kms) west of the town of Chiquimula and approximately 110 km east of Guatemala City. The Project consists of two mineral exploration licenses which cover an area of approximately 126 square kilometers. The Cerro Las Minas Property is located contiguous to the El Pato property in the eastern Department of Chiquimula, within the southeastern part of the Republic of Guatemala, Central America. Its wholly owned subsidiaries include Compania Minera El Condor S.A (Minera), Union de Oriente, Sociedad Anonima and El Pato Gt, S.A, (El Pato Gt).


TSXV:GDX - Post by User

Bullboard Posts
Comment by ss1867on Dec 29, 2011 4:16pm
298 Views
Post# 19357845

RE: .07 is probably the new base

RE: .07 is probably the new base

Not much for sale all the way up to a dime, a couple of good volume days and we are there. Looks like the games ie: share price supression might be over, but in this manipulated new age market it is anyones guess. GDX remains a very speculative investment but I am comfortable having my money on the table with this one. I stand by my prediction of new highs by the end of Q1 - 2012. I will still be looking to add on the dips all the way up to 25 cents or so. It is imperative that we achieve some measure of capitalization from the mining campaign @ El Pato to offset any further dilution moving forward. This seems feasable when taking into consideration the inferred shallow bonaza grades we have established so far on this very promising concession. Even @ $1500 gold this will be a very profitable venture---20,000 ounces @ $1500 = 30 million bucks ( this is the number management believes is retrievable from the dip slope area ). Add to the equation the UN estimate of over 400,000 ozs that we hope to double it seems likely that alot of excitement will be generated here @ GDX next year. We need to see the closing of the recent PP, granting of the exploitation license for El Pato and the commencement of drilling @ El Arco. Surely the passing of these three events will ignite further interest in GDX. Once we see income generation from El Pato I think it would be prudent for management to begin buying back all those cheap shares they offered at a nickle, deposit them into the treasury and redisperse them later at a much higher valuation. This is just my opinion and I`m not entirely sure of the legalities involved but it seems plausable enough. Keeping the share structure as light as possible will benefit everyone. GDX looks very interesting here but still presents risk moving forward. GLTA.....SS

Bullboard Posts