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Bullboard - Stock Discussion Forum Gold X Mining Corp. GLDXF

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

OTCQX:GLDXF - Post Discussion

Gold X Mining Corp. > Colombia?!
View:
Post by andrewsuds on Jun 13, 2018 5:31am

Colombia?!

Anyone else see these latest actions as a giant red flag? Sandspring already has a project, why are they blowing money on something in an entirely different country if they think Toruparu is viable?
Comment by darter2 on Jun 13, 2018 11:28am
I don't know, it sounds to me like Gran Columbia (a producer) is taking a big interest in SSP's Toroparu as well (read below).  Sounds like it could be a good fit for both and who knows, with a proposed 15% equity stake in SSP, could Gran Columbia be interested in further financing of the Toroparu mine once the final feasibility is completed later this year?  SSP will need a ...more  
Comment by ikny on Jun 13, 2018 11:33am
they have a backer in Silver Wheaton
Comment by darter2 on Jun 13, 2018 1:27pm
yes but SW only in for around 150 million I believe.  Going to take around 450 to build the mine.
Comment by brennan on Jun 13, 2018 6:05pm
And only if Wheaton likes the final FS, otherwise they can walk away.
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