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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 Jul 12, 2012 2:36pm
178 Views
Post# 20107852

RE: RE: RE: LOOKING GOOD -

RE: RE: RE: LOOKING GOOD -

Thankyou for your kind words. Well, if I thought GDX was a deal @ 5 cents then 2 1/2 - 3 cents has got to be a table pounding buy ! Now, if one was to compare GDX to some of it`s peers who are also in the exploration and development game I think GDX would be very compelling here. Sure it`s frustrating to see how we have been pounded to smithereens, and no doubt the waiting game for that exploitation permit is surely making some investors throw up their hands and vacate their positions but......IMHO I believe patience will be handsomely rewarded. I continue to watch GQC and still consider GDX to be much further ahead, and yet GQC seems to have a much better approach to the promo end of things. Another positive NR today for GQC and again they enjoy 10% upside merely on speculation that they will continue to drill reasonably solid results. But do these guys have over 400,000 ounces already outlined, Do these guys have the rich, easily extractable surface deposit just sitting there waiting for the green light to go. Will these guys be generating $$$ from their resource base anytime soon ??? No, no and no...infact they will no doubt be returning to the market for further funding as I am sure with 3 drills ready to roll their cash burn rate is fairly high. And yet look  at where their SP has gone and found support. Now fast forward maybe 6 months as per Tobys update lays out our game plan, factor in that just maybe the Quatemalan mine ministries new legislations ( if they are ratified ) may leave GDX exempt as we have been in the country for a number of years doing business already, and even if we do get hit to a certain degree...so what, El Pato likely is a multi million ounce deposit. Those values in the north zone are pretty spectacular indeed, so with a couple of good drill holes in that area alone, funded by internal cash revenue from our exploitation license ( $400,000 per month conservatively ) and if Quatemala stays reasonably pro mining friendly...well I think GDX will run considerably higher than GQC for example. If I`m right....well those of us that are currently adding here will surely be much happier this time next year. The recent update from IR lays out the game plan and I like it. If the peices fall into place the way they are expected to then GDX is an absolute no brainer here IMHO of course. But for now we sleep for a while as everything is pretty much in wait mode, and while we sleep I suppose I will just add more, especially if I see those 2 cent bids come across my screen. GLTA.....SS

Bullboard Posts