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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. > Good Article
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Comment by Heywood_Silverson Jun 30, 2020 8:57pm
188 Views
Post# 31210818

RE:RE:RE:RE:RE:RE:RE:Good Article

RE:RE:RE:RE:RE:RE:RE:Good ArticleMy hope is that the Chinese will be used as nothing more than leverage to assure that GCG offers us a fair price.  In my book, that is around 0.7 share of GCG per Gold X at todays price, assuming a minor premium.  Quite a bit higher than the 0.5 offered earlier, but we all know that GCG is extremely undervalued as is Gold X.  Who knows how these will trade vis-a-vis each other in the months going forward.

Friedland is a nice addition, but it is still Guistra/Wheaton/GCG that are driving this cart.  What is being telegraphed to GCG is that this project won't be given away just because they are an insider - there will be legitimate competition to acquire this project, which bodes well for us shareholders in the end.
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