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Gold X Mining Corp. is a Canadian junior mining company developing the Toroparu Gold Project in Guyana, South America. Gold X has spent more than US$150 million on the Project to date to classify 7.35 million ounces of Measured and Indicated and 3.15 M-oz of Inferred Gold Resources, develop engineering studies for use in a feasibility study, and define a number of exploration targets around... see more

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Gold X Mining Corp. > I like market anomalies like Sandspring...

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Post by orepass on Apr 11, 2018 1:54pm

I like market anomalies like Sandspring...

Some simple comparisons:

ITH-T: 525 Mt @ 0.68 g/t or 11.5M Oz Au
SSP-V: 382 Mt @ 0.85 g/t or 10.5M Oz Au

Market cap: SSP: $40M and ITH: $180M

Both have about 190 M shares out on Fully Diluted basis (and about same cash on hand after dilution)...

That valuation discrepancy will close quickly if the gold bull market accelerates...

orepass

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Comment by orepass on Apr 11, 2018 2:46pm

A few more things: ITH: NPV @ $1400 Gold: -$100M SSP: NPV @ $1400 Gold: $691M Note: both have extreme leverage to each $100 rise in the price of gold... Right now ITH has 186M shares out (only +5M shares to Fully Diluted)...On that basis the mkt cap of $180M for ITH is basically equal to the maket valuation ascribed to the project by the market...Sandspring share price should be at least the ...more

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Gold X Mining Corp.