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Personally, I think the day come soon enough.
Gitreal: "Personally, I don't think that day will ever come."
Well, that's your "feeling", not mine.
Your issue seems to be with the different understandings of anonymous posters here on the board. If you are really interested in settling the issue, you would call or e-mail IR to clarify.
Sorry, but your attack on this company that it is mining based on "feelings" doesn't cut it. You have no idea what testing and sampling has been done by MarMar along the way. And since MarMar is a private company, they are not obligated to publish the results.
I can assure you that MarMar would not be spending the amount of money they are spending on getting the heap leach pad into production if they were simply doing it on a hunch.
You can disagree with me.But your disagreement flies in the face of any business logic.
What anonymous investors think on a public message board honestly doesn't mean a thing. The only thing that matters is what the understanding is between Mexus and MarMar. You can speculate all you want and you can ask other anonymous message board posters to speculate all they want.
But the exercise is POINTLESS and has no meaning. If you really want to know the truth of the situation with respect to the contract, call or e-mail IR for Mexus. If you don't, then you are not really interested in finding the truth.
What I find odd is that you don't call IR and have the issue clarified. You seem to prefer to have the issue litigated on an anonymous message board.
Indeed. When 1st pour happens, it's all over for the critics. Well, maybe not all over, as I do assume the critics will continue, but on a different set of complaints.
That's ok with me now and later, as I know what I have and I know what I stand to gain by Mexus' success.
How about you call or e-mail IR to clear things up?
"However, it looks like some folks do not think that is the case."
Who are these folks you are referring to? Please provide links to specific posts.
I am more curious why you don't want the truth. If you really wanted the truth, you would not be interested in speculation from anonymous message board posters. You would simply call or e-mail the company's IR person and ask for clarification.
Why is that so difficult for you to do?
Can't say. But my business sense says that profit is the more likely scenario. It would make for a more balanced JV deal between the 2 parties. MarMar contributes the expenses. Mexus contibutes the land. They both split what is left over.
Not higher than when GORO made its post-production run.
Personally, I always go with the least financially favorable answer, unless info says clearly otherwise. This way, I only have upside surprise.
I have been at this a long time. Not wary at all of talk of $1 prices. The potential is there. But regardless of how bright a future one feels a particular company has, it would be foolish not to take some profits off the table at points along the way up.
The key for me is to decide WAY AHEAD of time 1. how many shares I will shave off my positions and 2. at what price point that will happen. Has to be decided ahead of time or you may get caught up in the exuberance of the moment.
Second key is NEVER ever get emotionally attached to a stock, regardless of high-flying it is. Nothing goes straight up forever. I have a huge position in this stock, so regardless of what I may sell, a large portion will remain for as long as I see the positives.
But for now, this puppy has hardly gotten started. Need to let PT and MarMar simply do their thing. So far, so good.
Yawn ...
BTW, nice to have a day of reasonable and polite posting without all the doom & gloom. The "critics" seem to have turned into "crickets". Very predictable, now that MXSG is back on the upswing.
Don't disagree. I, for one, am completely convinced this is legit. The only variable for me is how efficient their operation (expense) is and how the grades turn out (revenue).
Looks like we are going to close just underneath the 30dma.
Wow, didn't think we would make it over 0.12 today. Easy down, easy up!
Sitting tight indeed! Good to see it back at 0.11. May have seen the bottom of this leg. Should see more buying pressure from here through to the next PR which will announce the formal beginning of the leach process.
And as I said many times on here, the initial leach process will take 2-3 weeks, as was stated in the recent interview with PT. The "critics, of course, had been predicting it would take months, not weeks from beginning of leach to a 1st pour. Wrong again.
PT and MarMar are no slouches!
Exactly. Case in point, this morning only 100k traded and back to 0.10. May not close there today, but does show how this stock can be easily pushed around. Just wait until we get news on the 1st pour, and the majority of trades are buys, this stock will move up very quickly.
"But I don't see any lines to "read between" about Argo. As far as I know, they have not ever said anything publicly about their Santa Elena drilling."
Then why do you continue to "read between the lines" as to Argo's departure, when you state there are no lines to "read between". The only thing publicly stated is that Argo left the deal because the economic conditions (price of gold) were not favorable.
Saying anything more than that is "reading between the lines".
Looking forward to 3/22 ...
Of course.
Here we go again. More Monday mining (morning) quarterbacking. You don't have the data that has been accumulated by MarMar since they signed onto the JV project last May. And they are the ones who are clearly convinced in the potential of this project. I'll stick with their opinions on the ground.
Perhaps, it is a figment of your imagination.
Even if it is, so what.
None of those drill results from Argo matter now. The only thing that matters is the grade of the mineralized material being stacked on the leach pad.
Argo's reasons for leaving the deal were clearly stated in the PR; economic conditions (gold price).
"From what I understand, PT "gets things done", and worries about paperwork after the fact."
Anything concrete with which to back up yet another baseless claim that the CEO is careless in how he goes about transacting business? Care to provide something more substantial than "from what I understand"?
"Further, since MarMar has just started digging and loading the pads, is there any way to know for sure that the grade (0.79 from one column leach test--quite good assuming the ~70% recovery rate) will continue as the mining progresses?"
There is no way for us to know if the grades will hold, get better or get worse. However, in the CEO's recent interview he said that he hopes the grades will get better because he knows of a number of hi-grade areas not yet included in the leaching.
I'll take the CEO's opinions any day over a highly suspect "opinion" of a particular poster that MarMar left because of grades, when there is zero evidence to that effect.
BTW, good to see you recognize that .79gr/ton is a good result of the column test.
Rather than call that grade "sucky" as one particular poster here does constantly, we all need to have the patience to wait until further results are pr'd by the company. If .79gr/ton holds, that is fantastic for us longs. And given the CEO thinks he can do better than that, really looking forward to the 1st pour and the many more that will come after that.
Yes, I looked at the assays. There was nothing in the press release about the assays. The press release stated that Argo would have continue with the project, had the economic environment been better (gold price was dropping like a rock).
Stop making fraudulent claims about why Argo left.
" Argo didn't think so....and left."
Wrong. Prove it. Where did Argo state as much?
Don't try to change the subject. The PR released after Argo's decision not to continue stated very clearly that Argo had said they would have continued with the deal had the economic environment not been better. That's it.
Those are the only facts out there. Your statement that they walked because the mining prospect were not economic is pure fake news and possibly fraudulent.
You have nothing concrete with which to back up your statements other than your opinion.
"Argo was being "nice", and bowed out gracefully."
You have nothing concrete with which to back up that claim. The concrete reason that was given is that Argo would have continued with the deal had the economic environment (gold price) been better.
Stick to the facts on this.
He'll never admit it.
I tried looking up a word for the "person after the last person", but couldn't find one. Might have to invent one!
Well said! IR at Mexus has been quite responsive to whenever I have had a question. I am loaded up and not going anywhere until this puppy hits $1.00.
"Really? Based on what - voodoo? A ouija board?"
I think that most reasonable people would consider your above statement sarcastic.
By your logic, most every mining company would be out of business because they cannot do better than .7gr/ton and, according to you, that sucks.
Sarcasm is a really lame defense of one's point of view.
Each investor is personally responsible for making his/her own decision as to how much they invest in any particular stock. That is not up to me to say. Personally, I have great confidence in MXSG. I have been in the stock for several years and have loaded up in anticipation of the upcoming run on news of a first pour.
I have done this before with other stocks like Gold Resource and Premier Exhibitions. Once I feel confident in the essential trustworthiness of management and the scope of what they are attempting to accomplish, I tend to invest big and early.
There are never guarantees on any investment. Although I have no doubt MXSG will get into production, the key for after that 1st pour will be how well they do at ramping up to 10k tons/day and at optimizing the leach process and containing costs. Nobody can predict that right now, but I am optimistic that longer-term shareholders will be quite happy with the eventual results.
It takes time to put a good mine operation together. We have an experienced partner in MarMar, so all the pieces for success are there. We just need to have the patience to let the company get to that success on their terms, not ours.
Are you still attempting to argue that .7gr/ton sucks, when it is abundantly clear that other mining companies are quite profitable with the same to much less than .7gr/ton?