Mexus Gold US (MXSG)

[rbtree]

Just a few tempering ramblings:

Leaching is supposed to start today....But will it? I heard a rumor of a rumor flying that there may be a brief delay.

And, as far as the "math" goes.... it, may or may not be fuzzy, but it is based on a few assumptions:

!. As nowhere near enough testing has been done to come anywhere near achieving reserves, let alone resource, actual grades won't be known for quite some time, and may well vary from leach to leach. Results could be better, they could be worse.

2. Time required to ramp up to 10k tons per day is, as yet, unknown.

3. As far as I know, it has not been stated what tonnage this first leach will be. What if it's only 10,000 tons? If so, that's less than 500 tons per day, assuming the leach and recovery takes 21 days. What if they need to adjust some of the procedure parameters as the leach progresses, perhaps with the aid of more column tests?

4. If any of the above concerns prove valid, it may be a challenge to meet that August $500k payment due for the Felix.....
And hopes of $40-50m in net profits by the end of the year may prove to be overly rosy.

5. Or not.... It hits the big time. Longs throw a big party, replete with bacon wrapped shrimp and other delicacies....

Have fun, troops. All in all, it should be a fun ride, and quite likely profitable for astute traders.