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"The equipment will take several days to test and calibrate at which point the leaching process will begin."
Some people are just too stubborn to ever admit they are wrong. Or they just don't understand. No obvious comprehension of the PR statement above. Let me translate.
"At which point the leaching process will begin" means that before "that point" the leaching process hasn't begun. That would be the several days to test and calibrate, which is what is happening now, not leaching.
Wow. Seemed like a pretty straightforward PR statement to me. Obviously not to all.
A leach PR is one that states that leaching has been started. Last time I checked, until it has been started, you can't really say that it has been started.
The PR released today most certainly states the leaching has not yet begun.
"The equipment will take several days to test and calibrate at which point the leaching process will begin."
Likely short-term traders. It's no accident that we are back down to where were at the beginning of last week ($0.12) before the min run-up on expectations of an announcement that the leaching had been started.
No leaching announcement today, therefore short-termers getting out. Just my own speculation.
You were correct, RB. Looks like April will be the month for the first pour. I am done with trying to predict just when. Everything in mining takes time. I am patient and can wait, as I expect to be well rewarded.
Timeline for the leaching process depends on the height of the "heap". Given 4+ meters or so, I would guess about 4 weeks. Assuming they have just begun, I would hope we hear news on a 1st pour around end of the month.
It is interesting to see how easily the stock price moves up on a relatively modest amount of buying volume. We should see continuing upward momentum leading up to the release of news of a 1st pour by end of month, if not sooner.
Anybody's guess as to what will happen on the actual news. But given there is a considerable amount of the float tied up in very strong hands, it is going to be exciting to watch what transpires.
Hey Tyler. Absolutely excellent interview. It is a thorough retelling of the Mexus story and shows the great promise of this company. I have not sold a single share since I started buying over 4 years ago during the 1st big run-up.
Kudos and thanks to you for taking the time to put this together.
The stock is up 12% right now, so I am certainly happy with that. That being said, I would not expect the stock to climb substantially or for greater volume until we get a PR announcing an actual pour. Most of the longs, who have been in this stock for years, are likely in a wait and see state. Like myself, they have pretty bought as much as they could already.
Need new money to come into this stock for it to really move, and that will come with the announcement of a 1st pour, not necessarily with the announcement of the start of the leach process.
Agreed. It is such a better environment for metals mining than it was 12 months ago. But even if the gold rally stalls, we should be fine. Leach heap mining is a low-cost approach.
" ... as I'll be here long after both mines are pouring gold."
Same here! Have many more shares than I ever thought I would own. Looking forward to the next 2 near-term PR's. Plus, a bonus would be another interview with PT after the leach announcement of the 1st pour announcement.
I am not sure we will see a big leap on news of just the leach process starting, as long as it has been coming. I do see a big leap and interest in the stock happening with the announcement of the 1st pour. Don't get me wrong; I would be happy to be wrong here!
"Note: expertise in SEC filings has zero correlation to picking winners."
Love it! GLTY
DJ, you are very right on that. There is a large group of very experienced and savvy investors, specifically focused on the mining industry, who are quite bullish on Mexus. I was a part of the group that rode GORO from sub $3 to $30. I attended the annual meetings in CO and organized a series of gatherings ahead of those annual meetings. The naysayers about GORO abounded on the message boards at the time. The attacks were harsh and unending. But we knew we had a winner.
Of course, nobody should ever invest simply due to pronouncements by some anonymous poster on a message board. We all have to do our own due diligence and make our own decisions with respect to our money.
But the large group of long-term shareholders does say something about this company's chances. Mexus is hardly a scam, as has been posited by its critics on this board. That does not mean it is guaranteed success. But I do feel the intentions of the CEO are legit and we will see gold being produced soon.
Then it becomes a matter of how profitable an operation they have put together.
We will all see soon enough.
Same old complaints ... ditto ... ditto ...
I know he is selling shares. That's his right. As for the Form 4's I don't care. What I care about is this company getting into production. And it is very close to doing that.
"The shares have already been issued....from PT to PT."
You are displaying a very limited understanding of a t-trade. A t-trade can mean many things, only one which is the possibility that PT has sold some shares.
Like DJ said, prove that the t-trades you keep harping on are definitively PT selling. You can't and you won't.
Yeah, given the scurrilous PR firm Mexus almost hooked up with, I was ready to dump too (NOT)!
Did me a lot of good, as I found out that Mexus expects to begin the leach process next week with an expectation of a 1st pour by mid-March or so.
In my opinion, that was a brilliant strategy by PT to get a free interview, get the word out about near-term company milestones and then not spend any money on ongoing subscription fees.
Agreed. But our friend, the critic, considers any PR and marketing company to be scurrilous and suspect of pushing scam company operations.
The rest of us see a PR and marketing company for what it is. It does PR and marketing and expects to get paid for it, not really an unreasonable assumption.
Got it. So all those companies on Wall Street Analyzer's website are non-legit.
Thanks, LTT. $1,500 a month is definitely not worth the price of that terrible interview. PT was wise to let it drop.
But you are correct, we did get some nice nuggets out of the interview nonetheless. The heap leach is to begin processing next week and a 1st pour expect around mid-March.
Interesting that you would categorize Wall Street Analyzer as a "paid-for shill" given their audience "consists of retail and institutional investors, analysts, fund managers, and members of the financial press."
So what do you say about all of the NASDAQ and NYSE companies they have interviewed?
From The Wall Street Analyzer's website.
"Our goal is to produce informative interviews that will help investors understand a companies’ upside and provide direct access to company leadership."
Obviously, they must charge for those interviews. Maybe PT didn't agree with the service costs and WSA pulled the interview from the website?
I, personally, don't care for why the interview is no longer there. The interviewer was terrible. Here is a perfect example of a situation whereby if you care, as you seem to, then a simple e-mail or call to Paul Dent should be enough to clear things up.
So how much do you care to know the answer? Let us know what you find out.
Correct, Eddy. Don't know if there will be a pop when news of the start of the leach operation comes out. But there sure will be a pop when we get news of the 1st pour.
One week until they start the heap leach process.
"Unfortunately, it appears ... Or so I hear....."
Wow, what concrete evidence you have gathered for your "concerns".
"Are those expenses spelled out anywhere?"
Why do you continue to ask questions which you know cannot be answered at this time? MarMar is a private company and does not have to publish their expenses. We will find out at the point of the 1st pour.
Although I don't know what those exact expense are, I can tell you they are not substantial. MarMar did not have to pay for the land. Mexus paid for the Merrill Crowe unit. I believe Mexus also paid for the leach pad liner. MarMar's principal costs have been manpower, machinery and the initial blast. Should not be a huge sum of money.
Given the preliminary numbers we have been given from the 1st column test, 10,000 tons of material @ 0.7gr/ton net will produce approximately 226 ounces of gold @ $1,200/ounce for a total of $271,000 per 10,000 tons loaded.
20,000 tons processed in the 1st pour should more than cover MarMar's expenses to date.
Everybody knows about the initial 95/5 split. MarMar's costs should be taken care of with the 1st pour. I was referring to profits for the long-term scenario, which is a 50/50 split.
As you well know Mexus has very little debt. And this is a rare situation with respect to mining companies on the verge of going into production.
This bodes quite well for Mexus, as it means almost all of their profits will go straight to the bottom line. All very good for Mexus longs.
I said "almost all profits". What's your problem with that statement?
Key to the upcoming beginning of production is that, given Mexus has virtually no debt, unlike most OCT companies at this stage in their production cycles, almost all profits will go straight to their bottom line.
It is going to be an exciting liftoff.
Still beating that dead horse? Most mining companies release a PR when they accomplish a 1st pour providing details of the pour. That's good enough for me.
You will see a credible report on a 1st pour as to what amount of gold was extracted and what the grade is over what amount of tonnage processed.
"If a gold pour actually happens, do you think we'll see a credible report with technical details of the grade and tonnage that was leached, and the output?"
Yes.
I understand and appreciate the value of technical analysis. I use it a lot in other investments where there is more volume and liquidity. However, even in those circumstances news always trumps the technicals. The news of a 1st pour will be show-stopping for this stock, especially if the grades achieved are on par or better than what we have been led to believe is going to be the case.
The news will draw in a larger group of investors who are likely sitting on the sidelines waiting for confirmation this is the real deal.
Sit tight!
Not sure if the news of the leach process having been started will do that. But the news of a 1st pour certainly will move us up into unchartered territory.
We should see steady upward pressure from here on to the commencement of leaching later this month to the subsequent 1st pour expected around mid-March.
GLTA Longs.
Good one!
We are all getting whiplash here. In your last dozen or so posts you have been predicting that MXSG was going down to 5 cents. What changed your outlook?
"I thought I made it pretty clear that I do not believe Mexus/MarMar will produce gold at a profit."
Yeah, your opinion based on "feelings".
Would you like to clarify what you mean by
"Not so fine if you are a publicly traded company."