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Goldsource Mines Inc 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

Comment by Joe455on May 26, 2022 1:34pm
284 Views
Post# 34709669

RE:SIL, GXS

RE:SIL, GXS
stockpunter wrote: Eric Fier's Silvercrest has announced that their new mine is complete.  That is the second successful project of his that I know about.  Their first one in Mexico was bought by First Majestic.

Now, GXS has over one million oz in their report, not counting the most recent exploration success.  GXS has a market cap of 30 million.  i.e. thirty bucks per oz of gold, in a relatively safe jurisdiction and lots of it is in surface dirt that can be scooped up. So, something is seriously wrong with the picture.  Either there are obstacles we don't know about, or the market has substantially under-priced this stock.



Sounds like lots of upside from here. It's on my watchlist.
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