RE:RE:RE:market cap/ozSorry, I hit Post accidentally before finishing my last one.
Further to my last post, the numbers used for Indicated and Inferred ozs results in an average of $75 / oz. This number is very fair and reasonable given the low AISC (~$750 to $800 / oz) and the simplicity of initial processing of at surface saprolite gold mineralization (low hanging fruit).
Let's hope that gold is close to finding a bottom and can begin a trend reversal this week. I get that the long end of the yield curve has been rising (due to inflation concerns), but I'm not sure why gold was hammered as badly as it was last week, particularly when these pending "inflation concerns" and the resulting monetary policy response should be causing gold prices to move higher - not lower.
Additionally, let's hope that Goldsource Mines' promotional strategy begins to take affect over the coming days and weeks, to help reflect all the extremely positive news released in February, by way of a significantly higher share price for GXS. With PDAC 2021 just around the corner (March 8 - 11, 2021), I expect Goldsource Mines to receive a considerable amount of positive exposure to the precious metals investment community.
GLTA