Friday, November 10, 2017 5:50:50 PM
There is gold EVERYWHERE on the planet. You can take a sample of soil or rock pretty much everywhere and find some gold.
The trick is finding economically recoverable gold. There is gold in tapwater, for instance, but you can't recover it at a profit. The same is true for 99.99% of all known gold deposits. I know of plenty of places in the Western US where I can take samples that return over 4 ounces a ton. But none of them are economic.
You can assay it and claim the numbers are awesome, but the vast majority of the time, they are not. Because you can't extract the gold at a profit. That is the purpose of feasibility studies. You know, the ones MXSG never did.
Gold does not equal automatic profit. If it did, the price of gold would not be almost $1300 an ounce.
Recent MXSG News
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 06/28/2023 01:47:39 PM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM
Avant Technologies Launches Advanced AI Supercomputing Network and Expansive Data Solutions • AVAI • Apr 23, 2024 8:00 AM
BestGrowthStocks.com Issues Comprehensive Analysis of Triller Merger with AGBA Group Holding Limited • AGBA • Apr 22, 2024 1:00 PM
Cannabix Technologies to Present Marijuana Breathalyzer Technology at International Association for Chemical Testing (IACT) Conference in California • BLO • Apr 22, 2024 8:49 AM