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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. > goldprice is to low!
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Comment by kkkrrron Feb 07, 2019 3:34pm
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Post# 29334239

RE:goldprice is to low!

RE:goldprice is to low!
we have to wait for the new F´feasibility study with lower Capex ...   Sandspring has a deal with Wheaton metals worth appr. 130 million USD ... the balance of the Capex is managable ...   the AISC are near 800 USD/oz ..so there is no need for a higher POG ...  

...this scenario is with GCM as a project partner ...  3-4 years down the road they will have earned enoughmoney to co-finance this (maybe 50:50 or they will take over Sandspring in full...  we will see)...
..so financing is not the biggest issue here..my problem are the skills of manegement..they are axplorers and the need more mining expertise in management...  but this has time... it will take 3-4 years down the roud until a constunction decision...
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