Metrics of GXS compared to Guyana Gold
Thank you for the link , mmdOOO8, to the very interesting interview, with our CEO. GXS has a total gold resource of 980,000 oz. of proven and probable plus inferred. And with today's market capitalization of $ 43.2 million , the gold is being valued by the market at $ 44 per oz. in the ground, with 127 million shares outstanding Guyana Gold ( GUY ) has a total of 8.34 million oz. of gold measured and indicated and inferred. So with today's market cap of 1.1395 billion , and with 154.2 million shares out , the market is valuing the GUY gold at $ 137 in the ground. As GXS proceeds forward , their cash costs will be lower than that of GUY. So it appears that the share price of GXS has some catching up to do. Of course overlaid on the excellent fundamentals of GXS , are the global macro-economic variables like the new independent gold trading exchange in Shanghai, and the admission of Deutsche Bank that they have rigged the trading price of gold and silver. They did this to settle a lawsuit out of court. And part of the settlement is that they will wind up ratting out their co-conspirators. These feathers have yet to hit the fan. Last Friday's assault on the price of gold by the naked shorting bullion banks was a near record for open futures contracts. Soon the paper market will be unable to continue to suppress the price of gold. And then the true fun will begin Just my opinion