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Won't it be interesting if what we learn from MarMar's update (probably Monday) is that they are recovering and maybe already selling gold?
...Seems within the realm of possibilities, based what we know...
- 100 gpm MC is good to go - tested and operational. (So the recovery unit works). Shouldn't have any issues with it specifically.
- Last word was they were waiting on the pond after restarting the leach to fix a metallurgical issue. The pond was stated to be ready for recovery the week of the 22nd... So lets say it was ready by the 29th, that's at least a week if not more of recovery...
Could there be another issue? Maybe.. or Maybe not. It appears that PT & Robert Garcia had it figured out and transferred that knowledge to MarMar's guy. Hmmm...
We should know next week if they are recovering gold.
Thank you TML - so good to have you here. Wish I could sticky more than one post.
I agree Gene - lets see what MarMar has to say... Things are looking UP not down.
- We know that the 100MC is GOOD TO GO - No ISSUES.
- We know that the leach chemistry was corrected w/ help from Robert Garcia & PT back at the end of Dec.
- We know that the pond was scheduled to be ready for recovery start last week.
Our next update could easily be fantastic news - lets see what they have to say...
I saw two 500,000 bids get filled. There a numerous reasons why people sell, but only one reason why people buy.
I don't know how to interpret the action today other than some bigger buyers getting in, while some retail trying to get out (tired of waiting on THE GOLD NEWS).
BWDIK - pretty much nothing.
Someone(s) is loading a lot of shares - It appears VNDM has stayed out of the selling today (very positive)
Looks like some retail have given up waiting on news for Elena - while a few others are loading big... Hmmmm
I don't have any insider knowledge, but there doesn't appear to be a delay. Pond was going to be ready last week for recovery. If there was a delay, I think they would have hinted at it in this PR being that they had so much good info.
Nobody around here is forgetting about Elena - they're not stupid - they know that. Likely the pond is ready for recovery and they are using the 100gpm MC to recover this week. The coming update from Elena will either be they are recovering with MC or have poured gold (or the 3rd option is a delay of some type)... but as of right now there is no delay being communicated either in the PR or by IR. I take that to mean they are on track with a good update from Elena the 1st week of Feb.
Comox took stock... Hmmm - must have value. Wonder if they know something good is cooking that will keep the value of our stock and make it go up.
Leach/pond was going to be ready last week... Update next week... If there was an issue - we would have probably heard this week with this PR to soften it... Hmmm, I wonder what that update next week will entail...
Last email I received from IR (early last week) indicated that they expected the pond to be ready this week. Same information 8 has shared.
If the pond was ready this week, they will start recovery with the 100 gpm MC. It takes only a day or two to test as I believe a filter in the MC fills up in a day.
We know the 100 MC has checked out and is good to go from a previous PR. We could get very good information next week. Won't be a full on gold pour - unless the pond was ready early - but could indicate if the following PR is the big one.
I don't know anything about other news - but this news is what I'm waiting for.
A lot of negative posts here - which is to be expected as we've waited forever - but all indications are that we have rounded 3rd and are heading for home.
There are a lot of good people holding this stock. I hope we are all rewarded.
Wow - gold!
Wouldn’t it be interesting if the pond reaches the desired gpt this week and we start recovery at Elena...
“The grades returning to the gold recovery pond continue to increase and when proper returns are met, will lead to production”
Will that be this week?
Very simply... we are just waiting on the pond to achieve the desired gpt before they start up the 100 gpm MC full time and start recovering. This wasn't entirely clear from the Jan 8th PR, but was after IR explained it. 8thaero was gracious enough to let us know that it looks like that will be about a week away. (Keep in mind, a week could turn into less or more as this is an estimate.)
Once that happens (pond reaches desired gpt) we're recovering immediately and selling gold shortly after. (MC is ready and tested - good to go) I calculate that we will recover about 70-75 oz a day once that starts, so they will probably do their first pour after a couple days of running. Probably looking at the end of the month, beginning of the next month...
I'm encouraged to see that they haven't changed course and appear to be still working Robert Garcia's plan. This is a huge positive. Any change in course would be a negative...
There is no guarantees until it happens (as in life) - but it really is just a waiting game now. Will it happen this time? I believe so... Robert Garcia was the game changer. We are about to see the fruit of that decision.
Couple positives that make me feel all is good at Elena and we'll hear about gold sales shortly...
1. Mexus has handed off to MarMar again to run independently of Mexus. This is great news and was the reason for the 50/50 partnership.
2. Robert Garcia feels the experts MarMar have hired have the knowledge and expertise to run the new MC, update the old MC, and sell gold. This and #1 wouldn't happen unless we are about to sell gold.
3. Our friends are making a visit this week. That visit has been delayed until the mine was "ready & producing"... I think its "ready" and all we're waiting on is the Gold sale party.
Godspeed!
We're all fooling ourselves if we don't see that all that matters now is an announcement of Gold sold from Elena. Any other announcement is nice for about 30 seconds, but insignificant right now.
With our friends there this week, I don't think we'll hear about gold sales this week... but hope I'm wrong.
When we get that news (hopefully next week), It looks like the stock will pop pretty good...Good luck to all.
8 - I hope you see that first Elena pour next week when you're there. Godspeed.
Hmmm, may see .064 today. Not much selling and only a little left at .06...
Good to see gold continues to climb. Good time for a gold pour PR... I would expect we get that in the next two weeks.
The conversation here is definitely entertaining... The next big news will be (or not be) a gold pour with sale of gold from Elena.... Yet its not been discussed much lately. IR has indicated to me that they will release some form of "data" from this pour & sale, so when it happens we'll know about it shortly after its in the bank. Tick/Tock - will that happen next week? week after? We appear to be VERY CLOSE... Should be in January IMO.
Never seen such activity on this board - clearly something big is about to happen
My thoughts exactly - very bullish indicator...
Very nice day. A lot of shares bought in the last hour... last time that happened we moved up quickly and doubled. Should be interesting to watch.
I'm a novice charter - but its acting as if it wants to make another move up and establish/continue a trend.
For those wanting more clarification on the PR, contact IR - I understand clearly where we sit now at Elena... hint, hint - We're sitting pretty.
Funny how the chart confirms the truth. (Something I've learned over the last year watching this stock.) Not sure if that's always the case, but it certainly shouldn't be ignored.
Thank you for the tip Pastor Shotgun.
Was the MC running when you opened the door?
Wow 8 - thank you for the update... MXSG is about to over deliver. Should be fun to watch.
Quick answer... We don't know. Last PR indicates the requirement to start... What's awesome is that it won't be long now, as in they either already started, they start today, or its only days (not weeks) away.
"The company is working on additional security measures which are necessary before full production can begin. A licensed and bonded security firm has been hired to begin 24 hour watch of all happenings at the mine site. It is expected that guards will be on site by the end of the year. In addition, a video system is being installed which will allow for remote monitoring of the mine site."
Full Production here we come! How much gold & $$ is that a day again? :)
Go gold!
Gonna be a good month for the stock price... 24 hr production should start this week with the 100gpm MC. I imagine that will be the next update from the company. Then a significant gold pour and sale - I'm hopeful we get word of that as well soon after... Total ounces sold would be very welcome...
My best guess is we get word of both by the week of the 15th... This may be the last week or two to get in before sub .10 cents.
Time for a repeat!! Times two!!
Appreciate your comments on the charts, they make a lot of sense.
Well said Longgun! Thank you for the link. We are privileged to have you here! It’s been a while...
I remember when you called the last one on MXSG back in Dec of 2016 - it shot up .12 cents in under two weeks after the bullish flag...
Would love to see that again!
Looks like the sellers taking profits may be drying up...
I'm not a expert "chart guy", but do see value in it... Is this possibly forming a bullish flag here?
Awesome News - thank you 8!
With confirmation that the big MC is 400 gpm, here is an update to the revenue estimates... Keep in mind price of gold is higher and the pond gpt will probably increase with whats on the heap...
4 gpt pond using $1250 gold price
100 gpm (little MC) = 3.2 oz an hr = $96,000 a day / $2.8 million a month revenue
Add big MC (my estimates) -
200 gpm = 6.4 oz an hr = $192,000 a day / $5.9 million a month revenue
300 gpm = 9.6 oz a hr = $288,000 a day / $8.6 million a month revenue
400 gpm = 12.8 oz a hr = $384,000 a day / $11.5 million a month revenue
500 gpm (full capacity) = 16 oz a hr = $480,000 a day / $14.4 million a month revenue
Nice 100 share sell into the bid...
Own shares? Someone is trying to get you to dump.
Very True - Good post MDBL...
Would you say that their chances of success are greater or lower based on Monday's PR & Dec 4th's PR?
I think the answer to that question explains the barrage of posts today (including my own)...
http://www.otcmarkets.com/stock/MXSG/news/Gold-recovery-equipment-successfully-tested-at-Santa-Elena-Mine?id=178305&b=y
http://www.otcmarkets.com/stock/MXSG/news/Gold-recovery-Merrill-Crowe-system-now-operational-at-the-Santa-Elena-mine?id=177078&b=y
LOL, I thought you dumped at .035 cents?
T-Hawk, I don't believe that information has been released. Only the company knows how much MarMar has invested, from what I understand
It appears to me, (i.e my opinion) that MarMar has been cautious with what they've invested. They haven't run trucks every day this year... Why? probably because they want to get to profit as fast as possible and are smart with their $$.
Calculations show that the little MC will produce 95k a day or more (depending on price of gold & pond richness). How many days will it take to pay them back at that rate?... Ten days is 900,000... won't be long IMO.
"I find your lack of faith disturbing" :)
We'll see... in the mean time I think I'll go install some cameras, hire a security firm, and build a metal structure around my empty wheel barrel in the back yard. I'm worried that someone may steel the left over potting dirt in it.
Nope, not absurd at all... When you have the formula, you then need the gpt in the pond, gpm of the MC, and the price of gold - "presto" you have the revenue projection...
Which by the way is low, since we are using 100 gpm for the MC. This only takes into account the small MC and not the large MC on the premises.
TRUTH - right there
Yep, since the addition of Robert Garcia - we've hit every milestone. Next milestone is $$$. Being cautious is one thing & is always prudent - being grossly negative is nothing but comical.
The company just announced that they are building & hiring security because they are at the place to launch 24hr gold production with everything tested, check out, & ready. Up to 3 million a month in revenue from a big fat ZERO right out of the gates...
No fear - it may churn a day or two, but there is nothing stopping this now. Gold sales are coming along to the tune of $3 million a month on just the small MC alone. Security is necessary for that type of $$$ - I wouldn't be surprised to see us in the 7s at the end of the day and close to 10 at the end of the week.
We also know they are already working on the big MC... $3 million a month can double to $6/9/12 million a month in a matter of minutes as they start using the 2nd MC. With Garcia, they will have it figured out quickly.
Let it churn, VNDM backs off quickly as those sellers know whats coming as their lots are lot smaller now... - some are still waiting for the 24hr production announcement, but they'll regret waiting, same as those selling now will regret it shortly...
The MC problems are fixed - that's obvious. The record will show that bringing Garcia was the game changer for fixing the recovery problem.
Now that the MC is working, $$$ will start pouring in. & I do mean POURING!
The 6s are probably gone for good today.
It was a good strategy to bottom feed this stock as they tried to get it working, now that we're there - is probably not a smart strategy anymore.
There isn't many shares for sale and the stock price is going to continue going up as they sell gold. People are going to have to pay the ASK, if they want shares.
It will be interesting to see our share price on Jan 1st.
So AWESOME! Thank you PT & MarMar for grinding it out this year. So great to have Robert Garcia on board. No more MC issues, just GOLD!
I think we'll actually see the pond increase in richness with what they are putting on the heap. Gold will probably start to rebound now that the fed raised rates and the deed is done....
In my opinion, it could very well be bigger $$... Mar/Mar has the equipment to handle the job and put ore on the leach. How fast can they get the big MC rolling??? With Robert Garcia involved - I think they are going to surprise us here...
Definitely assumptions are built in... but the opportunity is there. pond gpt could be more or less, the price of gold could be more or less, but it isn't like MXSG can't make REAL $$ from just the Santa Elena mine.
Now add in San Felix in 2018.