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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

Comment by mmoitalon Nov 07, 2022 10:00am
247 Views
Post# 35078657

RE:RE:RE:RE:0.305…yet another new all-time low

RE:RE:RE:RE:0.305…yet another new all-time low If you look at what happened in 2011 (last peak price of PM mining stocks), companies like GXS will be worth 1bn in the next gold mania phase, specially if it coincides with production in 3 years time. It sounds crazy since we are now at 30m, but I was already in this market then and looking back we had completely crazy valuations. I mean, completely bonkers valuations. Many crashed 90%, 95% (and many didn't even survive). It is a game of patience, but I believe we are now seeing the signs of a definite turnaround in gold and stock prices in response to the tremendous inflationary pressure and accellerating political uncertainty/unrest.

I have been a GXS shareholder since 2011. I have traded little bits but am massively down (lost track of it all...). I continue to believe that it will pay off hansomely one day and that#s why I keep shares in it.
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