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Gold X Mining Corp. GLDXF

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.


OTCQX:GLDXF - Post by User

Bullboard Posts
Comment by darter2on May 07, 2014 6:53pm
135 Views
Post# 22536019

RE:RE:IR emailed me back

RE:RE:IR emailed me backEdgar, they are building a mine which costs money!  They have Silver Wheaton on board for likely the first phase of that mine and maybe more.  We dont know yet.  When it gets to the second phase hopefully the stock will be alot higher than today and gold too.  Maybe then we go it alone with yes some dilution.  Or maybe there will be some other form of funds or partnerships or buyouts, who knows.  I can't think of any company that hasn't had some form of diutlion to build a mine.  

This is one of the most promising plays out there.  And apparently Silver Wheaton thinks so too.  Take a look at our neighbor GUY if you want to see where this is going.   Did they dilute to get all that money in the coffers, dam right they did.   If you don't like the stock move on. 

Regards.
Bullboard Posts