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Still doesn't explain where that $500,000 revenue every 10-12 days went and why it's not documented.
So the object is to amass many "incredibly rich bonanza yielding projects" to sell to what the MXSG Oracle describes as a LOI biggie ?
There must be a plethora of mining interests breathlessly awaiting the assay results.
I love it when a well designed plan comes together....lol
MAKE MEXUS GREAT AGAIN
That goes without saying. Haven't all of your questions been answered to your satisfaction ?
There IS one area that calls for a bit of clarity. In a podcast March 20, 2017 Mr. Thompson stated that Mexus was mining San Felix and extracting $500,000 worth of gold every 12-14 days and yet nowhere do the 10-Ks indicate that revenue. Beyond that, why would they abandon San Felix {now lying dormant} go on to thrash about other non productive ventures and sell private placements to raise capital ?
But I'm certain Cesar can be trusted. His integrity is as unblemished as his estimates and projections. It's not as though he has anything to gain from subterfuge.
BRE-X redux ?
Of this you can be assured... Mexus will be as candid and forthright as they have been in the past.
I wonder if Lemas has conducted much business with ALS-Chemex. Maybe leeetle note submitted with samples.....haz que se vea bien amigos > make this good amigos ! Gracias
How does one identify a gold-bearing quartz?
Lew Marcrum
Lew Marcrum, former Fire Assayer and Gold Refiner
Answered May 24, 2018
I’ve used three ways.
Physical observation, looking for gold flakes, nuggets or wires in the quartz;
Pulverizing and panning;
Assay, chemical or fire assay of the rock itself.
I don’t recommend the last for just any old piece of quartz because it’s expensive. Also, gold doesn’t normally form microscopically within quartz crystal. Most all gold in quartz will be elemental and visible, at least under magnification. Panning will reveal any gold within quartz, if done properly.
Bear in mind that almost all quartz outcrops you find WILL NOT contain gold. Gold is rare and really hard to find, even in quartz veins. The first and best trick is to search in known gold-bearing areas where gold has been found in the past. But a gold-bearing quartz outcrop will look identical to a sterile one. Also, sometimes a quartz vein may be sterile in some parts, and contain gold in others. Only a good physical search can tell.
Now why in the world would anyone in their right mind post those two questions on this board ? Scorpio died but his nuttier than a fruitcake legacy lives on in the person of 11 (centimeters) Looney tunes continues.
Extraordinary !
http://mexusgoldus.com/mexus-announces-plans-for-el-scorpio-copper-project-update-on-santa-elena-mine/
THE BEST LAID SCHEMES OF MICE AND MEN OFTEN GO AWRY.
I think what we have in the MXSG CEO is a modern day Don Quixote. Constantly dreaming but never quite fulfilling those grandiose dreams. Or maybe just a case of constant chronic fantacizing.
"Marmar has things well in hand and is progressing nicely" .
Damned branch !
Mexus relies on those who choose to forget/ignore all of the deceit and record of total mismanagement in the past.
Due diligence is apparently a useless tool for some who prefer to invest based upon their belief that Mexus is sitting atop El Dorado and the "potential reward" far outweighs the risk.
Hubris or ignorance ? I guess some dummy said "Those who ignore history are bound to repeat it"
EVERYTHING about Mexus is speculative including its' survival. One can only base a RATIONAL decision upon past performance and the Mexus record is disastrous.
Darn, stymied by a mysterious Pac Man substance. It's always something, clay, salt, needs to be baked, too dry, too wet. Such bad luck OR chronic ineptness OR a compilation of inane excuses.
MAKE MEXUS GREAT AGAIN .....LMAO
Somehow I seriously doubt a report that showed poor results would be released. They are looking for a report that reflects their fond hopes of a 100,000 oz or better resource to entice new JV’s to jump in. And since the results will be routed to Lemas (the masterful head geologist) chances are results could be “skewed” in such a manner as to be beneficial to their interests if you catch my drift.
MEXUS HAS NEVER BEEN GREAT AT ANYTHING OTHER THAN MISLEADING AND BILKING INVESTORS.
The very first line on their website is a lie.
Company Overview
MexusGoldUS (OTCBB: MXSG) is a gold and silver producing company with projects in Mexico.
What many don’t realise or won’t admit is that good drilling results are no assurance of anything. Even if the results are good, there remains the feasibility question. Will it be worth recovering ? Mexus spent in excess of $28 million just scraping off top soil.
Spot Gold today $1223.10. Makes no difference to MXSG, they don't have any to sell anyway.
The 32-year old independent commodities researcher in its 221-page industry bible says all-in sustaining costs (AISC takes into account administrative, exploration, reclamation and other costs) to produce an oz. of gold have risen to an average of $949. $1223.10 - $949 = $274
The good news is that this figure doesn't affect MXSG either. Same reason. They are producing nothing other than "forward looking" statements .... no gold but a prodigious amount of BS
Will a new partner be willing to spend the vast amount of funds required to initiate a PROPER reclamation project ? Doubtful
What is the record time without a trade ? Recently it seems to be somewhere around three hours. Doesn’t seem like even a two bagger right about now. And I remember the optimists who predicted $1.00 before the end of 2017.
Aw c’mon guys. Somebody make a $40 trade like they did yesterday to get things rolling. I’m anxious to see which way things are going from here. Obviously the “impending” drill program didn’t achieve the state of ecstasy which was the hoped for effect. Next news needs to be “good”. Starting drill program ain’t gonna do it.
Approaching 12 month low. Definitely indicative of consensus of disbelief of anything coming from MXSG spin
machine. I’m certain another spin effort is coming very soon. Happens every time the pps sags. Chronic sag this time
Two posts that unerringly point out the problem with Mexus
Post # 27047
This company needs to get its story straight. Is the real issue gold assay levels or leaching/recovery issues or both? The company keeps going back and forth in what seems to be an attempt to dupe more people out of money.
Post # 27048
Well for starters, first you have to make sure there’s gold.. lol
A veritable MXSG buying frenzy brought on by size XXXXX latest informative post no doubt. I love reading Mexus PRs again written only as an aphasic can.
Almost as good as Clinton's "It depends on what your definition of is, is."
There exists within Mexus, a total disconnect from the truth and realty as well as an assault by some on english grammar. Just another MXSG day.
The FWIW comment was a thoughtful addendum.
An IR person releases information given to him/her with no responsibility for the truth of that information. Given all that has transpired with MEXUS I wouldn't lend it too much credence. FWIW
Someone just dropped the price of a good meal with a $50 bottle of wine, hoping to start a trend. Good effort ! LOL
Gold busted the $1200 mark. Makes no difference to MXSG, they don't have any to sell anyway.
The 32-year old independent commodities researcher in its 221-page industry bible says all-in sustaining costs (AISC takes into account administrative, exploration, reclamation and other costs) to produce an oz. of gold have risen to an average of $949. $1184 - $949 = $235 Gettin' a mite thin
The good news is that this figure doesn't affect MXSG either. Same reason. They are producing nothing other than "forward looking" statements .... no gold but a prodigious amount of BS
The best summary I've read recently sums it up very well. It's just an opinion but spot on in MY opinion.
Post # of 27037
There is no (economic) gold there. Which is why MXSG spun the story of not needing to drill in the first place. Drilling would have uncovered the truth for all to see, so instead to keep shareholders pumping money into PT's pockets, he fooled them with the lie of direct to production. Since that lie has been exposed, all he has left to keep his paychecks coming is to try to fool more people with the drilling story, which will never happen, but will keep enough people fooled for a little while longer to allow PT to line his pockets a little more before MXSG completely collapses.
If they do drill and send core samples to lab (presumably Lemas lab) do you think results will be honest ? Or do you think the resulting report(s) will be a bit “tainted” as were all preceding PRs re: gold quantity?
What do you imagine a Mexis PR would say ? They haven’t begun to drill and I don’t believe theyre mining
anywhere on the property so unless a mysterious benefactor has emerged, what news ?
Maintaining faith in Mexus must be a very difficult task and believing anything they put out for public consumption must be equally difficult to believe
"Bonanza grade" gold .... a typical spurious, meaningless term used by people who are clueless regarding what constitutes a deposit that is worth mining and no idea what Bonanza grade means... sounds good though. There is a world of difference between a "glory hole" and an economically viable deposit.
There is no official definition of bonanza grade for gold but analysts say most gold mines around the world produce about 5 to 6 grams per tonne. One of the highest grade mines in the world is Klondex's Fire Creek in Nevada where reserves are 42 grams per ton, the company website said. I guess you could call that Bonanza grade...a far cry from anything MXSG can uncover.
The Cortez mine in Nevada has a gold deposit that yields microscopic gold BUT the deposit is huge and they move over 400,000 tons/day. A bit more than Mexus' capability
That's funny - and true. When Elena fell flat on its' face, they moved to the next "bonanza strike" When Ures, Dos Hermanos flopped, it's necessary to find something to divert attention. Do not, under any circumstances, admit the miraculous vat exercise was a complete bust. Now the answer is to drill and identify the subterranean river of gold just beneath the surface. It would be funny if it weren't so tragic for investors.
They still have some concessions to fall back upon and if that doesn't work, maybe back to Alaska to pull cable or maybe dredge the ocean bottom off Nome for gold.
Whatever the scheme, be certain it will fail.
The PR came just as predicted. When the pps is under attack, quick, figure out a way to divert attention.
Drilling, which had always been deemed unnecessary suddenly becomes a priority. Strange, that !
The statement " I think you'll find that lack of funds is responsible for not progressing further with restacking, testing etc." is a little ridiculous.
Lemas stated the muck contained between 2000 - 4000zs. AU. Why wouldn't someone seek funds to enable further recovery of a sure thing and continue the operation that purportedly had such bountiful results ?
4000 ozs. Au represents $8,000,000. Think it might be worthwhile to beg, borrow or steal money to recover this treasure trove ?
" [ think the drill program, if successful, is designed to attract an experienced miner who will handle the production at Santa Elena."
That statement could well be correct, but if I was a miner interested in this project there would be provisions. I would insist on being onsite and follow the core samples to an independent lab, given the history of MXSG.
I wonder if 3 (wind) bagger was hinting that HE was the funding benefactor.
"Yes, is no JV contract mentioned so who's the sugar daddy and/or driller. Next shoe dropped in final week of Q3 or then in early Q4? "/i]
I think the sell off can be attributed to a few individuals who finally saw through the deceptive practices of MXSG and called it a day. It is just one of several possibilities.
I believe the current status of MXSG was spelled out best in post #26811.
A CEO who sells the stock of a faltering, nearly insolvent joke of a fake junior mining venture ?..........yeah, you're probably right.
I would really like to know what precipitated yesterday's decline/rout. It's almost like the lemmings march to the sea.
Yesterday was the MXSG lemmings march ? Who is the head lemming leading the march, what does he know and when did he know it ?
The tried and true diversionary tactic has always worked in the past, why not now. The timing is perfect, all that's required is a higher degree of gullibility
I'm betting on a PR by Wednesday next week , if not today. It is usually prompted by something like yesterday's action which can be perceived as the decaying faith of the dedicated cadre
Taking bets here !
TAKE HEART STALWART BELIEVERS......
MXSG surged back near the close..... .0081 - .00882 a truly remarkable recovery. Not quite recovering to the dizzying heights of a penny but then tomorrow is another day.... unless the Federales hang a CERRADO sign on the gate
I think writing the Mexus obit is a little premature. People's capacity for being fleeced and hoodwinked is almost inexhaustible.
So many past events....the 8.2 ounce results from Elena, the failure of the magic vats, the JV dissolution and discovery of surreptitious funding should have been the end. BUT, apparently all it would take is another JV. That or another BS analysis from Lemas stating how incredibly rich the concessions are.
The show isn't over, just another rut in the road to pinky oblivion.
What is 30 million shares worth today, 3 (wind) bagger ?
Where were all the other costs (materials, shipping, and other labor) hiddden.....Admin? Consulting? Exploration
Lost in the scatological records of expenses that were submitted to the auditors.
Scat being a derivative of the base word, scatological.
What Board of Directors? Why PT of course. CEO, CFO, Secretary, Treasurer, Sargeant at Arms, Chief Crook er, Cook and bottle washer
Let's be candid and accurate. Thompson is receiving this compensation package with the unanimous approval (and approbation) of the Board of Directors. LMAO