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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 Oct 11, 2012 3:36pm
188 Views
Post# 20474606

RE: RE: My Opinion

RE: RE: My Opinion

The folks over @ GQC are getting pumelled today after the latest drill results...maybe not an economically viable deposit afterall. We all know that we have the goods in Guatemala to make El Pato a very feasable project, and I also believe that we may be reading too much into the geo-political aspects of doing businss in Guatemala. Lets remember that the government is in the process of ratifying the new ammendments to the mining codes and have stated that they wish to attract foriegn investment to help develop this abundantly rich sector. Again I emphazise that  RISK = REWARD, if we hang low and ride out the waves I think GDX still is in a very good position to deliver significant reward...frustrating sure !! But if what we have come to believe is true well the stuff in the ground ain`t going nowhere and I agree with the previous poster to let THO pave the way without attracting a whole lot of attention to ourselves.The story is far from over and we all know how these things can turn on a dime. More time and patience is obviously required but I`m sure not selling dwn here in the basement.

Bullboard Posts