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Category: Junior: Small Producer
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Goldsource Mines Inc
www: www.goldsourcemines.com     email: info@goldsourcemines.com

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Price Data

Symbol Date Price
OTCMKTS:GXSFF 01/22/2018 USD 0.0734
CVE:GXS 01/19/2018 CAD 0.095
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Description

Goldsource Mines Inc are a gold focused junior, small producer with one mine in development in Guyana and two exploration properties. They have approximately 0.75Moz. of gold in the reserves and resources category of which 0.15Moz. are in the measured and indicated category. They have a market capitalisation of ~C$17.13M which is a fall of roughly 4% over the last six months. As of 08/01/2017 they have no debt and ~C$1.49M cash. They have 167M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 08/01/2017
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (Fully Diluted): $17.94M $17.13M 08/01/2017 $-0.80M
Total Assets: $11.02M $11.08M 08/01/2017 $0.06M
Total Liabilities: $0.47M $0.47M 08/01/2017 $0.00M
Current Assets: $1.60M $1.61M 08/01/2017 $0.01M
Current Liabilities: $0.21M $0.21M 08/01/2017 $0.00M
Total Debt: $0.00M $0.00M 08/01/2017 $0.00M
Cash: $1.48M $1.49M 08/01/2017 $0.01M
Enterprise Value: $16.45M $15.64M 06/30/1970 $-0.81M
Cash Flow: $0.15M $0.20M never $0.05M
Cash Flow Multiple: 117.75 85.31 never -32.44
Net Debt to Cash Flow Ratio: n/a n/a never 0.00
Finance within 1 year: 08/01/2017 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 08/01/2017 0.00%
Misc 08/01/2017
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Share Price: $0.080 $0.076 16:01 on 01/19/2018 $0.00
Shares Outstanding: 167,000,000 167,000,000 08/01/2017 0
Shares Fully Diluted: 225,000,000 225,000,000 08/01/2017 0
Insider Ownership: n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 03/01/2016 08/01/2017 n/a
Production (Gold Eq Oz.): (guess) 
1,000
(guess) 
1,000
08/01/2017 0
Production (Silver Eq Oz.): (guess) 
76,315
(guess) 
78,920
08/01/2017 2,604
Initial CapEx (Outstanding): $7.00M
39.03% of Mkt.Cap
$7.00M
40.86% of Mkt.Cap
08/01/2017 $0.00M
Funding Option: n/a (guess)  Issue stock 08/01/2017 n/a
Documentation: none PRODUCER 08/01/2017 n/a
Value Adjustment: none none never 0%

Resource Data

GOLD 08/01/2017
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: n/a n/a 08/01/2017 0.00M
Measured & Indicated: 0.15M 0.15M 08/01/2017 0.00M
Inferred: 0.60M 0.60M 08/01/2017 0.00M
Reserves & Resources: 0.75M 0.75M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: n/a n/a 08/01/2017 0.00M
Measured & Indicated: 0.06M 0.06M 08/01/2017 0.00M
Inferred: 0.15M 0.15M 08/01/2017 0.00M
Reserves & Resources: 0.21M 0.21M never 0.00M
C
U
R
R
E
N
T
Annual Production: (guess) 
1,000oz.
(guess) 
1,000oz.
08/01/2017 0oz.
Cash Cost: $700 $700 08/01/2017 $0.00
Extra Operating Cost: $350 $350 08/01/2017 $0.00
Average Grade: 1.30 g/t 1.30 g/t 08/01/2017 n/a
Recovery Rate: (CG)  50.00% (CG)  50.00% 08/01/2017 0.00%
F
U
T
U
R
E
Proven & Probable: 0.60M 0.60M 08/01/2017 0.00M
Annual Production: 35,000oz. 35,000oz. 08/01/2017 0oz.
Cash Cost: $700 $700 08/01/2017 $0
Extra Operating Cost: $350 $350 08/01/2017 $0
SILVER 08/01/2017
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: n/a n/a 08/01/2017 0.00M
Measured & Indicated: n/a n/a 08/01/2017 0.00M
Inferred: n/a n/a 08/01/2017 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: n/a n/a 08/01/2017 0.00M
Measured & Indicated: n/a n/a 08/01/2017 0.00M
Inferred: n/a n/a 08/01/2017 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 08/01/2017 $0.00
Extra Operating Cost: n/a n/a 08/01/2017 $0.00
Average Grade: n/a n/a 08/01/2017 n/a
Recovery Rate: n/a n/a 08/01/2017 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 08/01/2017 0.00M
Annual Production: n/a n/a 08/01/2017 n/a
Cash Cost: n/a n/a 08/01/2017 n/a
Extra Operating Cost: n/a n/a 08/01/2017 n/a

Property

Last Analysis Data  (08/01/2017)
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Development Georgetown, Guyana Eagle Mountain 100% 5,000 Open Pit show
Likely to reach 35,000 in 3 to 5 years.

Very shallow open pit. 750,000 oz (1.3 gpt).

Low cash costs around $500 per oz.
Exploration Para State, Brazil Tucuma 58% n/a n/a n/a
Exploration Guyana Mowasi 100% (guess) 15,000 n/a show
Early exploration
Total Land Package Size (ha): 20,000  
Current Data
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Development Georgetown, Guyana Eagle Mountain 100% 5,000 Open Pit show
Likely to reach 35,000 in 3 to 5 years.

Very shallow open pit. 750,000 oz (1.3 gpt).

Low cash costs around $500 per oz.
Exploration Para State, Brazil Tucuma 58% n/a n/a n/a
Exploration Guyana Mowasi 100% (guess) 15,000 n/a show
Early exploration
Total Land Package Size (ha): 20,000  

Profitability (by resource)

Proven &
Probable
08/01/2017
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: n/a n/a n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): n/a n/a n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.00M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: n/a n/a n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.00M
Maximum Profit (Gold): n/a n/a n/a $0.00M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: n/a n/a n/a $0.00M
Max Profit / Current MCap: n/a n/a n/a 0.000
Max Profit Per Share (Gold): n/a n/a n/a $0.00
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: n/a n/a n/a $0.00
Total Free Profit Per Share: n/a n/a n/a $0.00
FD Mkt. Cap / Gold Eq.: n/a n/a n/a $0.00
FD Mkt. Cap / Silver Eq.: n/a n/a n/a $0.00
FD Mkt. Cap / Per Metal
as % Spot Price:
n/a n/a n/a 0.00%
Measured &
Indicated
08/01/2017
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 0.15M 0.15M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.39M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.06M 0.06M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.16M
Maximum Profit (Gold): $9.14M $12.05M n/a $2.91M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $9.14M $12.05M n/a $2.91M
Max Profit / Current MCap: 0.510 0.703 n/a 0.194
Max Profit Per Share (Gold): $0.04 $0.05 n/a $0.01
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.04 $0.05 n/a $0.01
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD Mkt. Cap / Gold Eq.: $298.92 $285.53 n/a $-13.39
FD Mkt. Cap / Silver Eq.: $3.92 $3.62 n/a $-0.30
FD Mkt. Cap / Per Metal
as % Spot Price:
23.58% 21.36% n/a -2.22%

Reserves &
Resources
08/01/2017
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 0.75M 0.75M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 1.95M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.21M 0.21M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.55M
Maximum Profit (Gold): $31.99M $42.17M n/a $10.19M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $31.99M $42.17M n/a $10.19M
Max Profit / Current MCap: 1.783 2.462 n/a 0.678
Max Profit Per Share (Gold): $0.14 $0.19 n/a $0.05
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.14 $0.19 n/a $0.05
Total Free Profit Per Share: $0.04 $0.09 n/a $0.05
FD Mkt. Cap / Gold Eq.: $85.41 $81.58 n/a $-3.83
FD Mkt. Cap / Silver Eq.: $1.12 $1.03 n/a $-0.09
FD Mkt. Cap / Per Metal
as % Spot Price:
6.74% 6.10% n/a -0.64%

Future Valuation (Cash Flow & Totals)

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