Mexus Gold US (MXSG)

[8thaero]

With no more than 7-8 days left to yes or no go for Newco contracted 2nd period, I'd expect any deal on Ures is not possible. Unless any interests were able to meet while he could not travel that was at a stand still. We've seen how he does it with all I's and T's ready to print. Never a rush. My reasoning at present is:

We've already been assured the reason they wrote the July contract at all was they are convinced the property has what we claim plus possibility's great that more will be proven up deeper they go as is usual in great million oz resources. We (in own conversation) have been assured we will see assays as they are completed rather than one by one and was said to be relatively soon. I asked and took the answer they could even do so before opting for the next Jan 1-June 31 period beginning. My idea then is if they say anything BEFORE Dec 1st it's same as announcing they will not continue. That means anything negative is bad and nothing or anything positive is good. Best of all is assays and "we will continue as contracted" around start of next month. Not the statement but good or fine assays brings the value as seen neither of us are playing games. I'd prefer THEY make the announcement when there is one as THEY must supply the results of what I was told became a pretty extensive drill series now completed or very soon. Again , best outcome is a decision to take 80% Newco and start planning for production prior to June 31st. Biggest factor would be a low cost/oz due exceptional grades.

Today's Argo-not down to 7. 8