Goldsource Mines Inc GXSFF

Primary Symbol: V.GXS

Metals & Mining Gold

Goldsource Mines Inc. is a Canada-based resource company, which is engaged in exploration activities. The Company is focused on the Eagle Mountain Gold Project (Eagle Mountain) for which it has a 100% interest in the Eagle Mountain Prospecting License (EMPL) and the Kilroy Mining Permit (collectively, the Property). The Property is located approximately seven kilometers (km) south of Mahdia Township (population approximately 3000). Mahdia Township can be accessed by road from Georgetown, a driving distance of approximately 325 km, or via air by a commercial flight. The Property consists of an area of approximately 5,050 hectares (ha) (12,480 acres) in central Guyana, South America. 4,784 hectares (11,820 acres) of the Eagle Mountain Property relate to the EMPL while 266 ha (660 acres) relate to the Medium Scale Mining Permit held by Kilroy Mining Inc. (Kilroy), on which the Company has a long-term lease with a 2% net smelter return royalty.

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Goldsource Mines Inc

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Comment by NickCarpathiaon Apr 29, 2019 8:54am

201 Views

Post# 29682436

RE:Goldsource Mines Write-Up/Video Analysis

No disrespect, but it looked like a guy did that in his basement or garage.

I like his price per share number, here's my thoughts.

IF, after the current drilling, they can show 3 million oz's in the ground.(total)

Contained Gold = 3,000,000 oz's
Recovery Rate = 85%
AISC = $850/oz
Gold Price = $1,285/oz
Total cashflows = $1,109,250,000 US

Now, what is it worth ???

MORE THAN $.17 CDN ????

I THINK SO.

GLTA

Full Disclosure, I'm all in !!!!!!

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