Gold X Mining Corp. GLDXF

Metals & Mining Industrial Metals & Minerals

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.

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Gold X Mining Corp.

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Comment by moneyhungry87on Apr 22, 2016 8:25pm

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Post# 24801366

RE:cutting to the chase

the NPV is a billion at 1600-1700 gold. so say we have 200M shares out after we fund the mine. a conservative estimate is gold hits $2500 in the next 5 years during this cycle. in that scenario its easy to envision a 3 billion market cap as valuations always trade at a premium in a raging bull market.

3,000M market cap / 200M shares gives us $15 per share.

now I happen to believe gold is going above 5K during this cycle.

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