Goldsource Mines Inc V.GXS

market cap/oz

[stockpunter]

about $30/oz??  Seems like a pretty safe bet.

[scott]

That's putting it mildly. GXS is rediculously cheap at these levels.

[stockpunter]

interesting read https://www.kitco.com/commentaries/2015-06-03/The-Real-Value-of-Gold-in-the-Ground.html

[inse]

Nice to see others chime in here...I'm in total agreement with stockpunter and scott...and I know more are as well. I believe $100 / oz for the 848k Indicated Au ozs and $50 / oz for the 868k Inferred Au ozs are fair numbers to use for Goldsource Mines' Interim Updated RE. $100 x 848,000 ozs = $84,800,000 $50 x 868,000 ozs = 43,400,000 Total = $128,200,000 To be even more

[inse]

Further to my last post, the numbers used for Indicated and Inferred ozs results in an average of $75 / oz. This is a very fair and reasonable number given the low AISC and the simplicity of initial processing the at surface saphrolitic fruit.

[inse]

Sorry, I hit Post accidentally before finishing my last one. Further to my last post, the numbers used for Indicated and Inferred ozs results in an average of $75 / oz. This number is very fair and reasonable given the low AISC (~$750 to $800 / oz) and the simplicity of initial processing of at surface saprolite gold mineralization (low hanging fruit). Let's hope that gold is close to