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Goldsource Mines Inc GXSFF


Primary Symbol: V.GXS

Goldsource Mines Inc. is a Canada-based resource company, which is engaged in exploration activities. The Company is focused on the Eagle Mountain Gold Project (Eagle Mountain) for which it has a 100% interest in the Eagle Mountain Prospecting License (EMPL) and the Kilroy Mining Permit (collectively, the Property). The Property is located approximately seven kilometers (km) south of Mahdia Township (population approximately 3000). Mahdia Township can be accessed by road from Georgetown, a driving distance of approximately 325 km, or via air by a commercial flight. The Property consists of an area of approximately 5,050 hectares (ha) (12,480 acres) in central Guyana, South America. 4,784 hectares (11,820 acres) of the Eagle Mountain Property relate to the EMPL while 266 ha (660 acres) relate to the Medium Scale Mining Permit held by Kilroy Mining Inc. (Kilroy), on which the Company has a long-term lease with a 2% net smelter return royalty.


TSXV:GXS - Post by User

Bullboard Posts
Comment by McGearyon May 09, 2013 12:42pm
592 Views
Post# 21357940

RE: RE: you have got to be kidding me!!!

RE: RE: you have got to be kidding me!!!

I think we can forget about the coal.  Too high a sodium and sulfur content and they would not have written it off if there was any hope for it in the foreseeable future.  The liquids project had way too high a cap ex and way too low an IRR.  That said, the Venture has collapsed since the fall, their neighbor WTR has been cut in half along with most everything else, they write off the coal and the stock is up since the fall?   Humm.   

Bullboard Posts