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Goldsource Mines Inc GXSFF


Primary Symbol: V.GXS

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.


TSXV:GXS - Post by User

Post by inseon Feb 02, 2021 3:05pm
313 Views
Post# 32449091

For those still on the fence...

For those still on the fence...

The recent January 10, 2021 Seeking Alpha write up on Goldsource Mines is a good read and provides good reasoning about for the share price potential for GXS. Bottom line: GXS is hugely undervalued at 0.10. I encourage those still on the fence to read, or re-read this write-up.

 

https://seekingalpha.com/article/4398049-goldsource-mines-asymmetric-gold-play

 

Conclusion

Goldsource is a potential high return gold exploration play. The potential tailwinds of rising gold prices and an expanded gold resource base make the company very appealing to a risk tolerant investor. The stock has not yet reacted to higher gold prices and the activities the company has undertaken to strengthen its resource base, but 2021 news flow and catalyst should be strong, and a re-rating of the stock is likely in my opinion. I recommend that risk tolerant investors add Goldsource Mines to their portfolio and size positions in-line with individual risk tolerance.



GLTA

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