Mining Nerds



Geodex Minerals Ltd.

Ticker: GXM : CDNX Description: Geodex Minerals, Ltd., an exploration stage company, engages in the acquisition and exploration of mineral properties. It primarily focuses on molybdenum, tungsten, copper, indium, diamond, and gold ores in New Brunswick, Canada. The company, through a joint venture with Moneta Porcupine Mines, Inc., holds a 50% option interest in the Potter Stock Property, Ontario. Geodex Minerals also owns interests in 113 claims in the Armstrong Brook gold property, New Brunswick; a 50% interest, including 48 claims in the Chamber Settlement gold property in Kings County, New Brunswick; and 4 properties consisting of 85 claim units, covering 1360 acres in Annidale belt sector located in the south-central New Brunswick. In addition, it owns a 70% option interest in the Sisson Brook property, the Kedron property, the Beech Hill property, the Harry Brook property, the Mount Pleasant West property, and the Mag River property in New Brunswick. Further, the company holds an option interest in the Mount Pleasant Ridge property, as well as owns an option to acquire an 80% interest in the Union property located in New Brunswick. Geodex Minerals is headquartered in Vancouver, Canada.
Shares (mm): 37.3
Market Cap (mm): $19.0
Cash Flow (mm): -$0.6
Cash (mm): $0.7
Last Price: $0.51
$ Change:-0.04
% Change: -7.27
Volume: 87,000
Website: www.geodexminerals.com
Google Finance: http://finance.google.com/finance?q=GXM.V&hl=en
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