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Xali Gold Corp V.XGC

Alternate Symbol(s):  CGDXF

Xali Gold Corp. is a Canada-based mineral exploration company that has gold and silver projects in Peru and Mexico. It operates in three geographical areas: Peru, Mexico and Canada. Its Mexican Properties include El Oro Hard Rock, El Oro Tailings and Western Mexico. Its Peruvian Properties include Tres Marias. Its flagship asset, El Oro Project, is a gold project encompassing the gold-silver epithermal vein system in Mexico. The El Oro project covers 20 veins with past production and more than 57 veins in total, which consists of approximately 6.4 million ounces of gold and 74 million ounces of silver. The El Dorado Property is in the Pacific Coastal Plain, State of Nayarit, approximately 50 kilometers (km) south of the San Dieguito de Arriba (SDA) Plant. SDA is located in Nayarit, Western Mexico and consists of a flotation plant which also includes a precious metals leach circuit. Tres Marias is located within an emerging epithermal gold, silver and polymetallic belt of southern Peru.


TSXV:XGC - Post by User

Comment by bluemoons20on May 22, 2024 9:53pm
98 Views
Post# 36053215

RE:XALI GOLD - UNDERSTAND THE TREMENDOUS OPPORTUNITY

RE:XALI GOLD - UNDERSTAND THE TREMENDOUS OPPORTUNITYAgree that the story sound promising.

However,  from the sound of things  this is not a  one or two month  play.  I  think I heard they have to build the plant to process the tailings and that might be about a year.

Then they are looking for more  projects  and will then  do a financing.  At the current price that will result  in a lot of dilution and  will probably  involve a share consolidation.

This sound  like we are talking  about  something happenning here  maybe late 2026??

Even though  I  am currently  in this  for a few hundred thousand shares,  I  am begining to have second thoughts!


What is the play  here?  buy  now  or  watch and wait for some real movement to buy in the future?

GLTA
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