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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 Jan 05, 2012 12:39am
336 Views
Post# 19371428

RE: RE: RE: Was today the last day to get in?

RE: RE: RE: Was today the last day to get in?

El Arco is very speculative as it is totally greenfield, El Pato on the other hand will be the cash cow. Management has a deliberate plan to start surface mining asap @ El Pato. Last time I talked to management the exploitation license was to be submitted on or about Nov. 22, these things take time but in a friendly mining district maybe not as long as most others. Cash flow is the life blood of a junior, they can either ballon the float on countless share offerings and then pull off the dreaded 10 for 1 reverse split or they can actually cut the shite and move right into production. That is if they have the robust deposit that all others envy....and it looks like GDX does.  We can all name a dozen or more gold juniors that do nothing but dig a hole here, then dig a hole there...then management throws some intriquing numbers out there in a NR and everyone sells into the rally.  A new crew of bag holders step up to the plate and it`s another year of the stock going nowhere. Then once the dust settles ( I find most investors / speculators have short memories ) the broken record gets another spin. Like Mark Twain once said " A gold mine is nothing more than a hole in the ground with a liar sitting on top of it " GDX looks to be different with El Pato, picture a junior with 25 million bucks in the till after they extract the targeted 20,000 ozs. in the dip slope area alone, then as we continue to dilineate the deposit and move it into a million ounce resource estimate....well, do the math on this low cost deposit....I have and it looks very promising indeed. Closing this recent PP gets the ball rolling in the right direction, now we have the funds to start exploiting the rich, high grade close to surface mineralization that is so prevelant on the Quatamalan concession. If we hit pay dirt @ El Arco  ( and I think we will ) it will merely  be icing on the cake and should really light a fire under this one. Lawrence Roulston calls it one of the top 20 under 10 cents, when smarter people than me speak....I listen --------- RISK - HIGH............REWARD - SIGNIFICANT.

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