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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
Post by hendrix2on Jul 03, 2012 12:57pm
266 Views
Post# 20077757

Patience required here.

Patience required here.

Wheels of government move slowly, especially when you are dealing with a relatively new one.

With gold and silver on the move, the timing may work out with the permitting. I think the company could consider selling forward around 2,000- 3000 ounces at about $1550/ oz which would give them enough,

( $3,100,000-$4,650,000 ), to pay the contract miners and maybe do a little twin hole drilling to start to bring the 430,000 ounces into 43-101 compliance. To accomplish this with no further dilution would be huge IMO.

Bullboard Posts