Gold X Mining Corp. GLDXF

Metals & Mining Industrial Metals & Minerals

Gold X Mining Corp. is a Canadian junior mining company developing the Toroparu Gold Project in Guyana, South America. Gold X has spent more than US$150 million on the Project to date to classify 7.35 million ounces of Measured and Indicated and 3.15 M-oz of Inferred Gold Resources, develop engineering studies for use in a feasibility study, and define a number of exploration targets around Toroparu on its 53,844 hectare (538 km2) 100% owned Upper Puruni Concession.

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Gold X Mining Corp.

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Comment by thebeek02on Jan 28, 2012 1:07pm

238 Views

Post# 19461428

RE: RE: Margin Call

I heard from 'my engineer'

Very different development project from guy. Way less effort to cash flow. We were 3 years behind - now only 1 year behind to construction. SSP might be producing 2-3 years sooner. SSP is not in the floodplain, tyl !. Road and river access are half the costs. SSP has incredible land position with many other prospects.SSP is nurturing their experience with hydro possibilities for Guyana. SSP has way more favourable alliances in Guyana - one especially; is on the board. (He could have chosen guy).

However, guy has larger numbers att. (normalized somewhat with SSP copper) guy has higher grades ( (accessible thru expensive shafts, later and below the pit) They have had more patient hands. SSP share price has been responding to a large liquidating position under margin pressure for quite awhile.

Patience patience, and we want it right now! Should be more news from SSP v.soon.

until then

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