RE:Wrong!
second reason .. Gold X is not the same company it was 2 years ago ... they bought out Alphonso , new management in place (sleepy Munson is gone) , Robert Friedland joined the board , currently drilling the higher grade zone (look at their presentation (a lot of holes)) ... Feasibility study next year ... this stufdy will be a great one! .... they will sell this monster-deposit .... my bet is: currently there is a bidding war for Cardinal Resources (its valued 3x higher as GLDX for only 5 million oz of gold) .. the loser Shandong (China) or Nordgold (Russia) will take a look at Toroparu.. Nordgold already has a project in Guyana. The chinese own the mine next to Toroparu ... we will see but i'am a buyer of GLDX at weakness