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Agreed! Would be nice before Monday... just in case we get a nice update from PT....
... feels probable - 3 weeks of leaching since our last one.
Below is a reminder that we're in great shape if the mine is still operating efficiently with no new issues. With consistent gold production and sales, we can't escape success here - the buying will start to overwhelm any sellers.
-Recovery system is in full working order and recovery is ongoing now
-We are producing gold in dore form (should be ongoing sales now)
-heap is 2 grams per ton average
-As of 4 weeks ago, 2000 - 4000 oz of Au & 10,000 - 15000 Ag was placed on the heap and under leach.
-Pond itself has 1 - 2.7 g/m3 of gold in it and 43 g/m3 silver (as of 3 weeks ago)
-current flow rate was 50 gpm and they are increasing it. (should be higher now)
If they've been processing a 1k tons per day (at a minimum) throughout Sept (probably more now), they should have produced gold that values @ $1 million - $2 million (not including silver). We should hear that MarMar is paid off in October and MXSG is receiving 50%... I'm expecting a couple great PRs in October & November.
Let the good times start rolling!
I'm not seeing a T-trade today and it looks like VNDM backed off later in the day. Lets hope that continues and the volume keeps up... I think you were right LTT
Volume has been better the last number of days... Could be a sign of good things to come.
That was an interesting trade at the buzzer...
LTT - what are your expectations in regards to updates between now and the 10Q? Do you see us getting an update on the MarMar paid off before then? An update on the progress at Elena?
I have to wonder that the 2000 - 4000 oz in gold from the PR on the 11th would be under leach 4 weeks come next week... We have to be getting close to the 50/50 split...
Agree with everything you wrote Rwalia. If your suspicions are correct, then VNDM disappears once MarMar is paid and MXSG receives 50%. If not, then its some PP holder who has been exiting for almost a year...
Thoughts on the last two days? Showing 30k now 40k is a departure from the last 10 months. Maybe VNDM's selling is coming to an end and we start the move up..
Putting this stock back above 20 cents is a simple formula... VNDM disappearing and good news on the 2000-4000 oz of gold that is being turned into gold the last 3.5 weeks. That happens and we skyrocket.
Hmmmm - I wonder if we'll get more great news on Monday?
Every PR now is going to be gravy IMO.
I suspect it will be a VERY good October for MXSG. If I'm understanding the PR correctly. 30k tons placed on the pad in August has been under leach for 19 days or so and that ore has $2.5 million - over $5 million in gold/silver. With recovery of PM ongoing now (yes, its taken a while - but we're there now) - 30k tons won't take long to go through and smelt.
Keep in mind that the quarterly window ends in 2 weeks. If they haven't sold gold yet - and I believe they have - then PT is saying in the PR that they plan to by the end of September.
I'm pretty fond of this statement from Monday's PR... indicates to me they are selling the gold and not hiding it under their bed or in the Mexican sand. I don't expect a PR for every time they sell gold and I fully expect they've sold gold already... is this a guess - yes - as I'm not present when they sell and the quarterly report hasn't been released yet. I guess we'll find out shortly.
Mexus and JV partner MarMar confirm production at Santa Elena mine
By GlobeNewswire, September 11, 2017, 03:01:00 AM EDT
CABORCA, Mexico, Sept. 11, 2017 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company") along with its joint venture partner, MarMar Holdings, today announced that they have produced gold in dore form as a result of its ongoing operation at the Santa Elena mine. Mexus CEO Paul Thompson added, "This is a monumental step for Mexus and MarMar as we have met our initial goal which was to get the Santa Elena mine into production. The finances of gold sales will be released in our quarterly reports but we will keep our investors informed as key financial goals are met."
Penywoo - We won't see many more of these for PT's salary (he is only being paid in shares). I've fairly certain we have sold gold already since we are now certain that we are pouring gold, but only 5% is going to MXSG at the moment.
In our last PR, basically PT is saying that they are selling gold consistently now, but won't announce every sale. They will announce when key goals are met, like MarMar's pay off of costs.
After MarMar's costs are covered for SE, then MXSG will receive 50%. With only PT as the employee, pretty sure there will be $$ coming out his ears and won't need to sell a small amount of shares to receive a paycheck.
With 2000 - 4000 oz ready for sell in probably less than 30 days ($2.5 - $5.3 million) - as noted in PR. MarMar will be paid and MXSG will be VERY profitable.
That news release will be Epic. My calculations based on assumptions puts MarMar paid off in October. (this will probably be our next big PR. Wouldn't mind an update that everything is moving well before that.) I agree with others that we could see a new 52 week high this fall.
What is great is that there will be better news behind each PR. Now that SE is operating efficiently and increasing to 10k a day, every PR should give confidence to more $$$$. Then we turn to San Felix mine start up. Fairly certain anyone holding through next Christmas will be RICH.
Thanks DJ - always appreciate your comments.
From watching level 2 on and off today it appeared like it could have easily moved up if we had more volume... (not a lot for sale below .72) we'll see what the next week brings
Interesting to see no buying pressure after that last PR. People seem content to sit on the bid. VNDM has backed off to the 7s and even just a fraction of pressure puts us right in the 7s again...
I didn't think I'd get a chance to buy in 5s after that last PR - amazing.
LTT is right that anything below .10 is a gift.
PR notes that in August (2 weeks ago) - the heap had 30,000 tons of ore added that is now being processed (since Aug) and equates to 2000 - 4000 oz of Gold. We also know from the PR that they are in continuous production now (no stops) and are ramping up to 10k tons a day. No longer working out issues.
... So, its crystal clear that they will sell at a minimum $2.6 million in gold in the near future. (high end of $5.2 million, not including silver).
8thaero was right (as usual), MXSG is in profit and cash flow positive next quarter.... could even be less than 4 weeks from now.
Next update should really be fun.
Don't worry shotgun, there is still time to buy before the big move - but that window is closing rapidly
Seems things at the mine are really humming... Couple things I noticed in the PR which make me smile :)
- Flow rate is at 50 gpm and ramping up to 200 gpm. MarMar's report in Aug had a goal to go from 4 gpm to 20 gpm... Obviously they are starting to hit their stride!!!! Big $$$. (200 gpm appears to equal 10k a day)
- We processed 30,000 tons in August (1,000 a day average). With the flow continuously increasing, the 10k a day seems very probably in the near future. (IMO shouldn't have a problem happening before Year End) If I were to guess, they will probably do 3-5k a day this month and by November be running 10k a day hitting their goal before year end.
- Big $$$, $2.6 - $5.2 million in GOLD sold before the end of the year!!! with MXSG averaging $70 million a year in profit starting w/n 3-4 months.
- Wait until they surprise us with whats going on at the San Felix mine....
- Wouldn't be surprised to hear of a dividend before year end or early next year!!
- Oh Yes, and I forgot to mention we are nearly debt free with no toxic debt.
If you're looking to take profits... hold your horses this baby is going to run way past our 52 week high.
Agree 1000%
If you think about it 3.5 million shares isn't that much, this is really thin!
Hard to know - but I think they're trying to keep it from blowing its top so that they can cover....
No matter - this stock is going up now as real money is going to the bottom line.
.097 on the ask - funny thing is we haven't seen anything yet!!!
$$70 million!!!! $$$$$$$
Sure is!!
Its great knowing that 75% of all shares are held by long term investors...
Thank you 8! You called it LTT - "GO TIME"!!!
Glad you're here Shotgun. I remember last year when you bought in after posting the same information for months...
You're a good luck charm for a big POP in the share price!
Looks like you may be right LTT on seeing .10s today
.08s about to come up on the ask
...and to think it will be 10x that in the not to distant future...
Sneaky Sneaky... OOPS - cover, cover, cover
That is a RIDICULOUS amount of $$$!!!
7 hit!
1/2 million shares already sold in 8 min. Someone tell VNDM to get out of the way....
Its going to blow!
Oh yes - GO TIME sounds good to me!
Did someone just put in a market sell?
Agree with your assessment of what's happened. The market has priced this stock as if it doesn't believe gold will be sold. I guess that isn't much of a surprise based on it being September.
Vast majority of the buyers are current longs who continue to believe and buy. I believe the majority of those who bought on the run up to .24 have since left and we are left with the same core group from years ago. (plus a few who are not shareholders but enjoy commenting on this board for some reason)
I'm betting on option C, as I believe a revenue announcement is coming shortly. When that happens I expect the market to react with new expectations and these prices will be history.
... but what do I know - I'm clearly no expert on market forces.
We've been leaching under the activated carbon method for 5 weeks now.
We also know that PT is down in Mexico right now... If there has been no delays, my guess is that we get the update on gold sales within the next week. We typically get an update after he's at the mine and we should be due for the sale of carbon to the refinery. Gold is still rising so the delay may be extra sweet - $$.
... Could be the last week we sit at .05 - the rise may be upon us. Lets wait and see.
Mexus releases information on current gold produced and the purchase of water rights
News from 31st & 9th - Added for reference.
http://www.otcmarkets.com/stock/MXSG/news/Mexus-releases-information-on-current-gold-produced-and-the-purchase-of-water-rights?id=165782&b=y
Jul 31, 2017
OTC Disclosure & News Service
-
CABORCA, Mexico, July 31, 2017 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB:MXSG)(“Mexus” or the “Company”) President Paul Thompson and Marco Martinez, CEO of MarMar Holdings, announced that there is substantial amount of gold in the pregnant pond and on the heap leach pad which is currently being leached. This was confirmed by Mexus geologist Cesar Lemas. Mr. Lemas’ personal assay lab shows the heap leaching solution, as of 2 weeks ago, is producing 1.5grams AU and 18grams AG per m3. In addition, he notes that the pregnant solution in the pond and heap should yield 145 oz. AU and 1700 oz. AG and the material being leached now should yield 400 to 500 oz. AU and 3000 oz. AG with good recoveries. Finally, Mr. Lemas noted that new material being placed on Pad 2 is ranging 1.5 grams to 5 grams per ton AU.
President Paul Thompson is also pleased to announce the purchase of 48 units of water for the Santa Elena project. In addition, Mr. Thompson is in negotiations for an additional 30 units of water. The total of these transactions will provide the necessary water for the Santa Elena project for years to come.
There have been continued corrections with the gold recovery system. Notably, recent torrential rains caused a delay in the Merrill Crowe system as clay entered the ponds. MarMar has made corrections at the ponds to avoid this issue in the future. A solution to the clay issue has been found and is being implemented on site now. The Merrill Crowe system continues to be adjusted and calibrated. An additional specialist was brought in to perfect the flows and assures that when started, maximum recoveries will occur.
"I want our shareholders to understand that production and sale of gold is imminent. We have faced and overcome the initial hurdles and are nearing the time when production will begin full time for years to come. Both MarMar and Mexus agreed that we would hold off running our gold through the Merrill Crowe system until assured that the recoveries were acceptable. Patience in this area is prudent as we don’t want to risk the loss of any gold. I want to reiterate that production will be constant once all of the minor tweaks are made and we move to full time production," added CEO Paul Thompson.
About Mexus Gold US
Mexus Gold US is an American based mining company with holdings in Mexico. Mexus recently joint ventured its flagship property with MarMar holdings of Mexico. The fully owned Santa Elena mine is located 54km NW of Caborca, Mexico. The mine is producing gold. The company is also a partner with MarMar holdings at the San Felix mine in Northern Mexico. This 26,000 + acre property is ready for production which is planned for 2018. Mexus also owns rights to the Ures property located 80km N of Hermosillo, Mexico. This property contains 6900 acres and has both gold and copper on the property. Founded in 2009, Mexus Gold US is committed to protecting the environment, mine safety and employing members of the communities in which it operates.
For more information on Mexus Gold US, visit www.mexusgoldus.com.
Cautionary Statement
Forward looking Statement: Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company's future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company's partners that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.
CONTACT: Inquiries - Paul Dent, 425-478-4908 pdent@mexusgoldus.com
Mexus JV partner releases update on the Santa Elena project
http://www.otcmarkets.com/stock/MXSG/news/Mexus-JV-partner-releases-update-on-the-Santa-Elena-project?id=166685&b=y
Aug 09, 2017
OTC Disclosure & News Service
Carson City, NV -
CABORCA, SONORA STATE, MEXICO, August 8th, 2017-- Mexus Gold US (OTCQB: MXSG)("Mexus" or the "Company") released a report prepared by its JV partner (MarMar Holdings) for the Santa Elena project. The unedited report details mine progress to date and the mine plan through August. Most notably is the recovery of gold using an activated carbon system.
MarMar report for the Santa Elena mine here:
http://mexusgoldus.com/wp-content/uploads/Santa-Elena-Report-05082017.pdf
I agree its frustrating. MXSG now needs to PROVE they can sell gold and bring in revenue to have any increase in share price (Unless of course V man leaves). Any promise or PR of production is meaningless to any buyer because of the delays that have happened. The expectation now is delays by the market.
However, once they sell gold and bring in revenue, its a new ball game as the expectation is then flipped on its head 100%.... The expectation will be revenue coming in and the results of that. (expansion, no more dilution, dividends, 2nd mine, etc, etc) Same expectation as in Nov/Dec of 2016.
My hope is that there is no more delays and they have it figured out with the CIC method. If I'm right and there hasn't been a delay or shut down in August, revenue is next up to bat for a PR and its the first pitch of a new ball game... The only question then is how fast the share price moves up from 5 cents. It certainly won't stay at our current pps.
The way I see it, the clock has been reset as of July 31st. All the time before this is a sunk cost in my mind. The market also seems to view it that way since all our gains on imminent production have dissipated since Dec (.24 down to .05 - where we were last August). July 31st is the day that PT indicated that production sales would be imminent and it is also the day in MarMar's report that the operation was restarted under the new CIC method after the clay issues were dealt with. I'm guessing these two things are related.
We know that the flow was set at 4 m3/hr and that their goal was to increase to 20 m3/hr throughout August. We know that they are going to sell the activated carbon to the refinery and not smelt the gold on site. We also know the grades being stacked on the leach pad are impressive and the pad is being expanded. We don't know if they have sold any gold yet, but if they've been able to keep the leach constant and increasing in flow throughout August (not confirmed) then they will have gold to sell shortly and quite a bit of it. There is no way around this truth.
Unless there is another delay, there is only a short amount of time left before we get that news. No doubt when this news is released - hopefully in early Sept, it will create a shock to the share price. It will also allow PT to stop diluting as significant revenue will be coming in and it will continue (and increase) month after month.
I agree LTT,
As 8 noted they'll be sending the activated carbon to the refinery directly for stripping and also gold sales. MarMar report notes that they are actively leaching with the activated carbon method as of July 31st (10-11 days now). IR has also confirmed to me that solution has been flowing through the system.
Your estimate of 7-10 days for announcement of gold sales seems right to me. 500oz will be more than $600k in revenue... We'll be back around .10-.15 cents very soon.
Thank you 8thaero. This makes sense on why the PR on the 31st noted the below statement from PT.
“I want our shareholders to understand that production and sale of gold is imminent."
Revenue is about to start flowing in.
Lazy people don't become CEO's - never happens.
If CEO goes PR dark after a pattern of releasing regularly, its usually because they are working on something that will create a big splash when released. They don't want to release information that will create misunderstanding.
Maybe the GIGL world is falling apart, or maybe a deal is getting worked out that will be released in a couple days.
Unless you are long for a couple years, people are waiting for the actual $$ of gold sold. We've known for a couple months they have been producing gold - but haven't refined & sold it for cash.
This has been anticipated for a couple months now, but delays have prevented them from releasing gold pour figures - hence the stock price decline.
We've never been outright told that it is "imminent" before - so there is a good chance the next PR shows the gold and $$ - and we'll see the interest you refer to. The market I believe is waiting to see the gold & $$. Any PR that it is coming or imminent, won't move the price.