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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. > how soon

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Post by ikny on May 13, 2020 4:08pm

how soon

The reality is.that not withstanding all talk and speculation on this board, the only thing that matters is how soon can they start mining.If management can show some ability to get the shovels in the ground,then were moving,,,up,op.up.

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Comment by mackvorkian on May 13, 2020 6:08pm

Ikny. No need to look at it that way. As the POG goes up and the project gets interest, the s/p will go up. That's all that really matters. Having said that, all the project needs now is money. And the recent actions have definitley shortened the timeline.

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Comment by mackvorkian on May 13, 2020 6:11pm

Ikny, check out what Darter put up a few posts back. Guyana spent well over $200 million building out this infrastructure over the last 5 years. Replicating it now would cost even more. In the December Pre-Economic Assessment for Toroparu, capex was estimated at $360 million. But processing that ore at Aurora means much of that expenditure is not needed. ...more

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