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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.


OTCQX:GLDXF - Post by User

Gold X Mining Corp. > I like market anomalies like Sandspring...
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Comment by orepasson Apr 11, 2018 2:46pm
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Post# 27868340

RE:I like market anomalies like Sandspring...

RE:I like market anomalies like Sandspring...A few more things:

ITH: NPV @ $1400 Gold: -$100M

SSP: NPV @ $1400 Gold: $691M

Note: both have extreme leverage to each $100 rise in the price of gold...

Right now ITH has 186M shares out (only +5M shares to Fully Diluted)...On that basis the mkt cap of $180M for ITH is basically equal to the maket valuation ascribed to the project by the market...Sandspring share price should be at least the same as ITH's... or 3X the current price?

orepass


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