bargain buy

GXN presents a bargain buy at present with the possibility of a huge multibagger. Only 300 million shares on issue, market cap of 4 million and land positioning which compared to other greenstone belts has huge potential. This could rise very quickly soon. I have accumulated a significant position in GXNOB as it presents great leverage.

GXN has the 6th greenstone belt with the the other 5 all having finds that if GXN have only a small % will send GXN shareprice to much higer levels. Below an exert from the RM research report about the greenstone belts. Also i must say that from speaking to Carl Swensson he is very focused on the gold potential of justsons rocks.

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Significantly, the majority of other greenstone belts so far identified in the Yilgarn are known to
host significant gold deposits. Well known greenstone belts in the Yilgarn Craton include
Southern Cross (10Moz), Kalgoorlie (120Moz), Leonora (12Moz) and Laverton (25Moz).
Investors have taken considerable interest in the activity of ASX listed explorer Gold Road
Resources (“GOR”) which recently commenced a feasibility study on its Central Bore Project
(152,323 oz gold) on the adjacent Yamarna Greenstone Belt. JORC Resources now total in
excess of 1Moz (Attila and Central Bore Projects) with recent discoveries (Justinian, Hann,
Byzantium, Central Bore North and Central Bore South) all occurring within a 2 kilometre x 3
kilometre area. The Yarmana Greenstone belt is, in GOR’s words, potentially the “5th gold rich
shear zone in the world-class Yilgarn Craton” of Western Australia (Gold Road Resources
Limited, 2011 AGM Presentation).