RE:RE:RE:Mako Mining to Acquire Goldsource Mines This is an absolute slap in the face to long time GXS investors / shareholders who supported and stuck with Goldsource Mines for many many years. To be paid an annual salary of $275k while overseeing the continued erosion of shareholder value in this company over the past number of years is unjustifiable and appalling. Where is the accountability?
I recall there being >4,000 ozs of gold in their tailings pond..at today's gold price of over $2150 USD, that represents $8.6M USD in immediate value. Add the nearly 1.8 ozs of low cost recovery gold at Eagle Mountain and significant upside exploration potential of the property.
Implied equity value of $33.3M to Goldsource Mines? Really??
stockpunter2, my last hope at recovering some of my heavy losses from this garbage junior mining sector, and from GXS in particular, is with NAU. This is not a recommendation or investment advice lol.
I'm still wondering why SilverCrest didn't step in and help develop Eagle Mountain into a highly profitable producing gold mine.
GLTA