Bullboard - Stock Discussion Forum Goldsource Mines Inc V.GXS

Metals & Mining Gold

Goldsource Mines Inc. is a Canada-based resource company, which is engaged in exploration activities. The Company is focused on the Eagle Mountain Gold Project (Eagle Mountain) for which it has a 100% interest in the Eagle Mountain Prospecting License (EMPL) and the Kilroy Mining Permit (collectively, the Property). The Property is located approximately seven kilometers (km) south of Mahdia... see more

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TSXV:GXS - Post Discussion

Goldsource Mines Inc > undervalued goldstory in guyana

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Post by austrochris on May 03, 2023 2:54am

undervalued goldstory in guyana

the significant soft-rock saprolite and shallow mineralization makes the project of GXS very economic . But noone cares ! They have spent over 30 Million Dollar into eagle mountain . Marketcap under 20 Million Candollar . Sprott also says , undervalued . Low capex , High IRR and much more ounces to come near surface ( trench 40 m with over 5 gramm gold / ton. average depth only 35 m ! BUY:GXS ( NPV about 500 Million Dollar ) 1800 $ Goldprice . And infrastructure will be built . Roads and energy !

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Comment by E30S14 on May 04, 2023 1:37pm

These numpties raised $12.65M dollars at 1.10 (0.11 pre-consolidation) in May 2021. So they've managed to p iss through nearly $11M dollars over two years and have a 0.36 share price to show for it. That's 3.6 pennies pre-consolidation. And now they want to raise $2M dollars at this pathetic share price of 0.36. Excuse me while I go throw up now.

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