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Looks like Argonaut is mining that "piss poor grade" you talk about. You may want to hop on their board and warn them too.
http://www.argonautgold.com/_resources/presentations/corporate-presentation-June-2017.pdf
For now...I'll go with what the company and their experts say with a 1 gram/ton average on non-vein material. Thanks though.
Not really a bummer at all when they will be a cash cow with little debt very soon. Those of us who have believed in the company with be rewarded. "They" or you can call it whatever you want.
Yes there has been delays, but it makes victory that much more sweet.
It's nice to see you are finally coming around and agreeing that we will be pouring gold. I knew you would.
Yeah...I'm still losing sleep over those. I'm sure it's at the top of everyone's concerns like Cesar estimating the tonnage. Gee I hope Mexus will survive.
I'm sure it is. Boy those form 4's were a big issue.
I'm sure we are all on pins and needles waiting for your commentary on it.
The irony.
Good post, Billy. Thanks for your input.
5M was just my WAG. Others on this board probably know how to value a company like this better than I ever could, but it looks like the company has a plan with all these acquisitions they have been making. It could be worth much more, but I don't have any experience with this sector to be honest. I just see a stock that's been slammed and hated by all with a market valuation equal to an RV down the street.
I could be totally wrong, but I'm ok with sitting on my shares to see what happens down the road.
Good luck to you.
Your numbers look fair to me at current gold prices, T-Hawk, but you have to factor in other variables as well.
Positives : I expect gold to break $1400 by the EOY and think Mexus will be one of the more popular gold stocks to own so I could see us pushing $.40 by the time they get to 10K per a day. It also looks like they will be mining some higher grade material which should help our bottom line.
Negatives: I don't know how much more dilution we've had with this delay, but hoping it's minimal. There could also be a large overhang with everyone depositing their certs at $.25 and taking some profits off the table.
Yep...another stock I own, Mexus Gold, had a similar market cap early 2016. Now it's trading near $50 million and about to go much, much higher over the next few years. I believe APHD will also get things turned around. Patience is key...nibble on dips.
Even if there were 5 billion outstanding now (which there isn't), the company is still undervalued. To me...it makes sense it's worth $5 million MINIMUM within the next few years. 5,000,000 / 5,000,000,000 outstanding = $.001.
There you go...undervalued by 42% right now even if you somehow wanted to believe the CEO would be stupid enough to dilute all 5 billion at once.
It comes down to if you believe the company is a scam or not. I don't. So like others, I will probably wait it out, ignore the scare and pump tactics here, and nibble on some more for the long term.
I love the risk/reward on this one.
"The results from this vein will fluctuate but it’s important to keep in mind that we will also be digging in high grade zones as we work the shear wall."
- Paul Thompson
5 gram/ton average is fantastic grade for heap. Almost 10-12 X what our neighbors are doing. The actual vein material will be much higher.
You Betcha
Try again. Lemas was just hired back and the crew won't be in the dark with the AA machine now on hand.
Read the PR. 5g+ material will be mined and Cesar will be giving us a mine plan. You may not like it, but it's happening.
"To say I'm excited about this assay would be an understatement. This result confirms what we had already stated- the Julio vein is rich in gold! The results from this vein will fluctuate but it's important to keep in mind that we will also be digging in high grade zones as we work the shear wall. Getting Cesar involved is a real game changer for all as he knows this property extremely well. "
Waaa!!! This one had been a train wreck! I love it! For those who were bold enough to add this week there may be big rewards if this company turns things around. Kudos to those who have the courage. It's how you make the big bucks.
Bloodbath...
Love it....
You Betcha
They have made great progress, Shotgun. Just a year ago MarMar signed on as our JV partner. Ponds are now built, haul trucks arriving, MC is setup, crusher is on it's way this week, generators arriving, AA machine...all ready to go next to some of the biggest mines in the world.
Don't go anywhere...it's about to get interesting.
"It's great value at $.25" - Paul Thompson.
I got in this week as well. It seems too oversold here. Thanks for the heads up on what you know, LTT. I like the risk/reward here. I have others watching it.
Agree. This reminds me of Voisey Bay. Once the huge nickel deposit was discovered, there was false information coming out trying to get people to sell their shares.
Does this sound like Mexus?.... Near surface, low cost, "the best way to find a new mine is next to an old mine"?
http://www.visualcapitalist.com/the-story-of-voiseys-bay-todays-mine-part-3-of-3/
Mexus confirms status at Santa Elena project
3:01 am ET May 1, 2017 (Globe Newswire) Print
Mexus Gold US (OTCQB:MXSG)("Mexus" or the "Company") has noted through communications from a few of its shareholders that it appears there are numerous misleading and undocumented statements which have been made in various forms of media. The Company realizes in today's environment statements such as these are easily published without sufficient supporting documentation and data and may be made with the intent to influence our shareholders in a negative manner. It is important to note our goal has been to maintain the conduct of our business in high standards and ethically communicate those actions to our shareholders. The following is a summary of the Santa Elena project in Mexico:
-- Our JV partner at the Santa Elena project has been producing gold since early April and performed its first smelting of dore April 22 which represents the first of many more to come.
-- Pad 1 is still producing gold back to the pregnant pond and it is expected that this will continue for about two more weeks. Mineralized material is being placed on Pad 2 and will be ready to leach once the initial soak of Pad 1 is complete. Both ponds at the Santa Elena project were calculated to hold approximately 793,000 gallons with the gold laden pregnant pond being 30% full and the makeup pond being 75% full.
-- The Merrill Crowe plant is currently running at 35% and is increasing weekly. Mine manager Regino Vargas feels it's better to increase slowly so money and material are not wasted.
-- Mexus' contract with the land owners at the Santa Elena project allows for usage rights to the water well. Mexus was informed that the permit is for agricultural use only. In addition, the permit as it stands now does not provide for enough water. Marco Martinez, President of MarMar Holdings and Mexus' partner at the Santa Elena project, states that the solution is to buy water rights from other well owners. If necessary, the water will be trucked in using the company owned 4500 gallon water truck which will solve any water concerns in the short term. This is a minor issue as it is expected that the project will use approximately 10,000 gallons a week at full evaporation. Mr. Martinez goes on to state that he is attending to the current water well use permit and will seek a reclassification.
-- Mr. Martinez will hold those liable for damages caused by these misleading statements.
Eureka....You wouldn't be here if what you say is true. I'm not selling RBTREE. MarMar is the real deal and will be doing more than 10K down the road.
Thanks for the update, JTrox.
Really undervalued here. Company says they will making $25 -30 million a year with 10K tons per a day by year end. Current market cap is only $52 million. Irrational markets at it's best. Reminds me when Mexus market cap was below 1 million.
I need more Mexus shares like a hole in the head, but just might start nibbling here soon.
Wow.. I see some gold in that pond. Thanks for the pictures, Garcia! More gold than I thought!
What does Regino Vargas know about Merryl Crow you ask? He knows how to spell "Merrill Crowe".
I have been able to increase my position by 10 fold thanks to the private placements. Very thankful for the opportunity and it's been a blessing. It worked out well for our whole family and I have faith that MarMar will get the job done.
It's already been a home run. Now we just have to be patient as we run the bases.
Love it, LTT.
Only $.20-.30 with dividends? I beg to differ and I'm considered pretty conservative in the group.
P/E will be sky high if the company starts giving out money. How many gold jr's do you know do that? Not many.
The material posted here in the past said there would be no blast, yet we had a blast. 2 actually. Also said that we would have no water, yet we have water and are processing per the recent PR.
0-2.
Batting .000
Try again.
3:01 am ET March 20, 2017 (Globe Newswire) Print
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company") announced that the initial assay results of the cyanide solution returning to the holding pond is better than expected. On-site engineers have been collecting samples at the outflow pipe twice a day for lab testing. The numbers equate to an average grade for all assays of 1 gram per ton entering the pond.
"This is exciting news for Mexus and our JV Partner. The Initial amount of gold returning to the recovery pond is normally lower during the first weeks of cyanide being introduced to a pad. These returns increase as the cyanide is able to work through the mineralized material.
Mexus investors report to the launching pad.
Nice little pop in gold after hours. Do you like, Shotgun?
Yes. The bacon wrapped shrimp has been ordered. When you bring mine out, I would like cocktail sauce.
Home Run: "Gold returning to the pregnant solution pond better than expected at Santa Elena mine".
Oh Gitreal...what's with all this useless low grade dirt coming back with better than expected gold in it? I thought you said... Nevermind.
See ya at $.50!
Yeah...I thought we didn't have water either. Gee..who would of thunk it?
Right! Also some would try to have us believe we can't measure our tonnage. Not true at all. 1 gram per a ton + is pretty darn good for just "throwing dirt on a pad and pouring cyanide on it".
We will be at $.50 before you know it.
Post of the year!
Not true. It would of given you 666 Mexus shares last Feb. Now worth about $86 and climbing fast.
Glad to see investors so interested in Mexus.
Hello Eddie
I can't private message you back, but the cost of $35k or so per a month are just overhead costs of the company(website, audits, stock listing, office employees that report directly to Mexus). MarMar will carry all costs associated directly with mining operations.
Hope this helps.
Agreed. Time has run out for those to accumulate more on the cheap. Time to get revalued.
Because according to you...
"0.70 g/ton sucks".
Thank you so much!!
Being the saint that you are...You better go to the Argonaut board then and warn all the investors it's uneconomical. Too bad they spent all that money on drilling and feasibility studies.