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Gold X Mining Corp.

www: goldxmining.com   email: info@goldxmining.com
Category: Junior: Late Stage Developer
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Symbol Data

Symbol Currency
CVE:GLDX CAD
OTCMKTS:SSPXD USD

Description

Gold X Mining Corp. are a gold focused junior, late stage development company with one mine in development in Guyana. They have approximately 9Moz. of gold in the reserves and resources category of which 6Moz. are in the measured and indicated category. They have a market capitalisation of ~C$74.92M which is a fall of roughly 30% over the last four months. As of 10/09/2019 they have no debt and ~C$6.79M cash. They have 35M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 10/09/2019
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (FD): $107.42M $74.92M 12/02/2019 $-32.50M
Total Assets: $30.03M $30.20M 10/09/2019 $0.17M
Total Liabilities: $15.01M $15.10M 10/09/2019 $0.08M
Current Assets: $6.76M $6.79M 10/09/2019 $0.04M
Current Liabilities: $1.50M $1.51M 10/09/2019 $0.01M
Total Debt: $0.00M $0.00M 10/09/2019 $0.00M
Cash: $6.76M $6.79M 10/09/2019 $0.04M
Enterprise Value: $100.66M $68.12M 02/28/1972 $-32.54M
Cash Flow: $0.00M $0.00M never $0.00M
Cash Flow Multiple: 0.00 0.00 never 0.00
Net Debt to
Cash Flow Ratio:
n/a n/a never 0.00
Finance within 1 year: 10/09/2019 n/a
Tax Rate: (guess)  38.00% (CG)  38.00% 01/25/2020 0.00%
Misc 10/09/2019
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 279,200,000 35,149,209 12/02/2019 -244,050,791
Shares (FD): 461,600,000 57,700,000 12/02/2019 -403,900,000
Insider Ownership: n/a 35% 01/25/2020 35%
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 01/01/2022 10/09/2019 n/a
Production (Gold Eq Oz.): (guess) 
0
(guess) 
0
10/09/2019 0
Production (Silver Eq Oz.): (guess) 
0
(guess) 
0
10/09/2019 0
Initial CapEx (Outstanding): $378.00M
351.9% of Mkt.Cap
$378.00M
504.55% of Mkt.Cap
10/09/2019 $0.00M
Funding Option: n/a n/a 10/09/2019 n/a
Documentation: none PEA 01/25/2020 n/a
Value Adjustment: none none never 0%

Resource Data

GOLD 10/09/2019
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: 4.00M 4.00M 10/09/2019 0.00M
Measured & Indicated: 6.00M 6.00M 10/09/2019 0.00M
Inferred: 3.00M 3.00M 10/09/2019 0.00M
Reserves & Resources: 9.00M 9.00M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: 3.52M 3.52M 10/09/2019 0.00M
Measured & Indicated: 4.93M 4.93M 10/09/2019 0.00M
Inferred: 1.32M 1.32M 10/09/2019 0.00M
Reserves & Resources: 6.25M 6.25M never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 10/09/2019 $0.00
Extra Operating Cost: n/a n/a 10/09/2019 $0.00
Average Grade: 1.00 g/t 1.00 g/t 10/09/2019 n/a
Recovery Rate: (CG)  88.00% (CG)  88.00% 01/25/2020 0.00%
F
U
T
U
R
E
Proven & Probable: 6.00M 6.00M 10/09/2019 0.00M
Annual Production: 225,000oz. 225,000oz. 10/09/2019 0oz.
Cash Cost: $700 $700 10/09/2019 $0
Extra Operating Cost: $400 $400 10/09/2019 $0
SILVER 10/09/2019
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 10/09/2019 0.00M
Measured & Indicated: n/a n/a 10/09/2019 0.00M
Inferred: n/a n/a 10/09/2019 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 10/09/2019 0.00M
Measured & Indicated: n/a n/a 10/09/2019 0.00M
Inferred: n/a n/a 10/09/2019 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 10/09/2019 $0.00
Extra Operating Cost: n/a n/a 10/09/2019 $0.00
Average Grade: n/a n/a 10/09/2019 n/a
Recovery Rate: n/a n/a 10/09/2019 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 10/09/2019 0.00M
Annual Production: n/a n/a 10/09/2019 n/a
Cash Cost: n/a n/a 10/09/2019 n/a
Extra Operating Cost: n/a n/a 10/09/2019 n/a

Property

Last Analysis Data  (10/09/2019)
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Development Guyana Toroparu 100% 60,000 Open Pit show
pre-feasibility study was out in 2013. After they complete permitting they can do financing. 10 million oz open pit deposit.
Total Land Package Size (ha): 60,000  
Current Data
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Development Guyana Toroparu 100% 60,000 Open Pit show
pre-feasibility study was out in 2013. After they complete permitting they can do financing. 10 million oz open pit deposit.
Total Land Package Size (ha): 60,000  

Profitability (by resource)

Proven &
Probable
10/09/2019
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.): 4.00M 4.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 14.14M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 3.52M 3.52M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 12.44M
Maximum Profit (Gold): $891.73M $1,094.69M n/a $202.96M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $891.73M $1,094.69M n/a $202.96M
Max Profit / Current MCap: 8.302 14.612 n/a 6.310
Max Profit Per Share (Gold): $1.93 $18.97 n/a $17.04
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.93 $18.97 n/a $17.04
Total Free Profit Per Share: $1.62 $17.25 n/a $15.63
FD Mkt. Cap / Gold Eq.: $30.52 $21.28 n/a $-9.23
FD Mkt. Cap / Silver Eq.: $0.36 $0.24 n/a $-0.12
FD Mkt. Cap / Per Metal
as % Spot Price:
2.02% 1.33% n/a -0.69%
Measured &
Indicated
10/09/2019
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.): 6.00M 6.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 21.21M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 4.93M 4.93M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 17.42M
Maximum Profit (Gold): $1,248.42M $1,532.57M n/a $284.15M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $1,248.42M $1,532.57M n/a $284.15M
Max Profit / Current MCap: 11.622 20.457 n/a 8.834
Max Profit Per Share (Gold): $2.70 $26.56 n/a $23.86
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $2.70 $26.56 n/a $23.86
Total Free Profit Per Share: $2.39 $24.84 n/a $22.45
FD Mkt. Cap / Gold Eq.: $21.80 $15.20 n/a $-6.59
FD Mkt. Cap / Silver Eq.: $0.26 $0.17 n/a $-0.09
FD Mkt. Cap / Per Metal
as % Spot Price:
1.44% 0.95% n/a -0.50%

Reserves &
Resources
10/09/2019
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.): 9.00M 9.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 31.82M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 6.25M 6.25M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 22.09M
Maximum Profit (Gold): $1,582.82M $1,943.08M n/a $360.26M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $1,582.82M $1,943.08M n/a $360.26M
Max Profit / Current MCap: 14.735 25.936 n/a 11.201
Max Profit Per Share (Gold): $3.43 $33.68 n/a $30.25
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $3.43 $33.68 n/a $30.25
Total Free Profit Per Share: $3.12 $31.96 n/a $28.84
FD Mkt. Cap / Gold Eq.: $17.19 $11.99 n/a $-5.20
FD Mkt. Cap / Silver Eq.: $0.20 $0.14 n/a $-0.07
FD Mkt. Cap / Per Metal
as % Spot Price:
1.14% 0.75% n/a -0.39%

Future Valuation (Cash Flow & Totals)

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