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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. > 18 cents
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Post by mackvorkian on Nov 15, 2018 1:00pm

18 cents

SSP is at its year low price again. This is one fabulous optionality play. Out of favor, blood in the streets. When gold pushes thru $1400, this stock will be like a bear coming out of hibernation. It is a Monster and will get built. I have a lot of shares. 

Check out NRG. Ultra high grade oxide gold over huge widths and shallow. The company is really ramping up. Could be the gold stroy off the year. 239 gpt over 20 feet and Shallow. Good near term play. I amm definitely in. They could have a resource estimate buy mid 2019. It's going to be a very very high grade project. 

What would you rather have? One foot of 239 gpt or 239 feet of 1 gpt. By the way, 239 feet of 1 gpt is pretty good. What about 23.9 gpt over 200 feet. Does that perspective catch your eye. Or how about 44.9 gpt over 40 feet which is like 4.49 gpt over 400 feet.

And this all doesn't really work that way because going down 75 feet to get your 239 gpt is a lot easier than going down 500 feet to get it.

This sleeper could be the discovery of the year. 

Its in Nevada, beside a highway, with power, on a flat area, with very reasonable climate and has the same geology as Round Mtn mine which is 65 miles to teh west. RM has produced 20 million oz and is still going. It is one of the largest gold mines on the planet.
Comment by Heywood_Silvers on Nov 16, 2018 10:13pm
Mack, the Sleeper Deposit is in Nevada as you mentioned.  It is owned by Paramount Gold Nevada - a spinoff from the 2015 Coeur buyout of Paramount.  This junior actually has the largest amount of delineated gold ounces per share outstanding of any junior on the market as far as I know.  It continues to add to it's land package in Oregon at it's Grassy project. But ...more  
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