Mexus Gold US (MXSG)

[learningthetruth]

Looks to be FAR ABOVE initial estimates.......

From today,

"Marco Martinez, CEO of MarMar, feels that these permits will be completed about the time the Santa Elena mine is processing 15,000 tons of ore a day."

Plus we just added another mine FROM MAR MAR!

Great job PT!! Mar Mar and MEXUS.....WOW is all I have to say!!


From TML's post....

Realistic Commercial Production Scenario:

10k/ day 80% ore 8k to leach at 1.75 gr/ 1.25 recovered 321.5 oz (note this about half of their current target according to KC’s recent convo)
300t/d mill at 80% 1 oz/t 240 oz/day

561.5 oz/day x 340 days = 190,740 ounces/ year. This should be a very simple mine in terms of processing and cost. This is easily doable and completely realistic.

-33% cost 187 oz leaves another 187 each gives us 63580 oz x $1330 is $84,561,400 x P/E of 10 is $1.69 a share with no arm bending and no gold bull. A full 20k run rate would increase production by about 50%, giving each slice about 100,000 pieces of golden pie, placing share price somewhere in the $2.50-$3 area for fair value. That isn’t pie in the sky, it is in the dirt.