Welcome to the revolver resources hub on AGORACOM

Free
Message: Small Float...Big Potential...

Effective October 11th, the name and symbol for this company will change to GGX GOLD, symbol GGX.V. The new website address will be GGXGOLD.COM, under construction for at least another week. Since the Goldcorp Copper Creek acquisition, we have seen a great deal of renewed interest in The Golden Triangle region of British Columbia. RZ (GGX) has a 9% stake in the J2 Partnership which now holds 14 properties in the Triangle totaling 37,500 hectares being made available for sale to the market. In April, TUD.V paid 30,000,000 shares @ .10 on signing for 2600 Hectares in the Golden Triangle. The stock jumped to $2.00, settling back to the $1 range. The J2 estimate is $2,000,000 per property for a total of $28,000,000 which would represent $2,520,000 non-dilutive cash to RZ(GGX) treasury. That would be just the first year payments, pyramiding out for the life of the property options which are usually 5-7 year terms to earn 100%. Obviously, this will occur over a period of time, but even if only 3 or 4 of the properties are sold, RZ’s(GGX) need to issue new stock from treasury to finance its activities at the Gold Drop property in Greenwood will be minimized looking forward the next 2-3 years, maintaining a relatively tight float. Preparations continue to commence drilling at the Gold Drop. Yet another mineralized outcrop was exposed by a government power line installation over the Gold Drop property, identified by Dan Stuart (Pres/CEO) during a recent visit. Dan was recently interviewed by a prominent Mining publication and website, so article should be out shortly focussed on the Triangle.

Share
New Message
Please login to post a reply