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Thanks Rich,
That was a great response. I am called a basher on other boards for questioning things and not being over the top optimistic. Whatever. I hope the best for the company as that means good things to me also. You can tell the company is stretched thin. I hope with Azteka that help alleviate things and the pours get some cash flow. That will be the grease for the gears
Patience is fine if you see things being done and completed and moving forward
I have been here since 2010 I believe. It really has been nothing but misses.
Where are the reports we were going to have?
I dont believe the 100,000oz or anything 8 says. We need 3rd party to back up those claims.
Results driven is how I gauge companies and this one is failing at the moment. I hope "very soon" (insert massive sarcasm) that changes.
The only people trading this stock is everyone who is already invested. A whopping 1400$ worth of shares today on a good gold day? I hope this "PR" we are told about starts working now. Get the pour numbers and start telling the story.
Hopefully cash will start flowing from those pours. As long as they keep the private placement open it reads to me that they are very cash strapped. Hope to turn the corner to profitability in a few weeks
Hopefully cash will start flowing from those pours. As long as they keep the private placement open it reads to me that they are very cash strapped. Hope to turn the corner to profitability in a few weeks
I still think volume is still just the same investors that already have Mexus and want a little more before hopefully it's discovered.
The PR is good but there still are no solid production numbers to base off. The next pour will be nice to get cash flowing but that will be followed with fine tuning so it's going to take another 5 pours at least to get some kind of baseline in my opinion.
I would not be surprised if there is hardly a rise. Mexus has done a terrible job of promoting itself over the past 2 years that I feel the only people who know about it are mainly raging bull people. So there will be a little more buying probably from guys that have some powder that were waiting for news.
The 100,000/oz a yr I find is going to have to be a show me to believe it. They have produced essentially nothing so that can come after at least 6 months of running operations.
It just always seems to be a wait a few more weeks or some weird happening that causes a setback. Only thing that is going to move this stock is results. I am still waiting on that.
Agreed. Paul is awesome in getting a deal and making things work without investing alot. By the new year Mexus should be a huge cash producing machine.
Here is a link to the leach pad that Paul took over.
Word is that it is up and running now so in about a month should have another revenue stream from this.
http://img.photobucket.com/albums/v221/blackgpgt/180/DSC00521.jpg
http://img.photobucket.com/albums/v221/blackgpgt/180/DSC02287.jpg
This looks extremely impressive. All from a 2 year startup. Big things are headed our way. BIG GOLD LOOKING THINGS
My bad the motor winch is rated for 20000 lbs
Paul mentions the 5/8th cable can do 20000lbs i believe so im thinking the skip is around 4-5 tons
Your pessimism is ridiculous. It hasnt even been trading for two hours. Plus at this point the gold price isnt really having effects on share price. Just be happy the market jumped at the news for once.
This is fantastic news. Finally hard numbers to go with. It sounds like they grabbed alot of surface samples and not so much deeper core samples. So we could have richer samples the deeper the veins are followed. I am sure 8 will be able to decipher and explain much more from this.
"The report states that the 6 major vein structures identified in the area south of the Julio shaft account for nearly 4,000,000 tons of ore with an average gold grade of 2.5 grams with three times as much in Silver"
If math is correct that goes to
4,000,000 x 2.5g = 10,000,000g of gold
10,000,000/31 g/oz= 322,580 oz of gold
322,580oz x $1700 = $548,387,096
Our market cap is 53 million at the moment. A share price to reflect 548 million is $2.88
Adding in Silver
4,000,000 x 7.5g = 30,000,000 of silver
30,000,000/ 31g/oz = 967,741oz of silver
967,741 x $33 = $31,935,483
Share price would be $3.05 for market cap
No it was a poster that said they talked to paul which does not mean much
I am thinking we will get something to chew on in the next 2 weeks. Then we will be a month from 3q results.
Yes lets just call it by the end of the year as we all know by now delays happen. Mexus will have 3 streams of gold coming in.
The placer material
The Julio Vein and ball mill
The heap leach project for the open pit.
Although we all would like the share price to keep going up with constant prs it is very smart what Paul is doing. He is putting the pieces in place, working out the kinks, and showing results instead of throwing out PRs left and right and having people complain when something doesn't happen on time.
This is all a gift for us to keep grabbing shares I think. We all know what we have at least I hope most of you do. When they do finally announce then all investors will have to look at is production instead of all the worries of assays, drill outs, financing ect...
Reading between the lines yestetdays news is really good. Powercom took 1 million shares restricted with the share price around 40 cents. That is only 400k. They are owed 800k so they were willing to take commpensation in stock with the confidence that it will at least be 80 cents to recoup their money. Sounds like they like Mexus and trust Paul also
Ya this is good long term. We saved 400k probably and now will freed up cashflow for profitable operations on the mine
Looks like we got out of that deal for 50% discount and powercom must believe that the stock will at least be. 80 cents to recoup all their money. Hope another release is coming this week
So do we break .50 cents this week? If we do I think it moves quick to .60 then.
They may be mixing in the Julio now. Not sure though. According to Don they were fine tuning with the waste yet before throwing in the good stuff. I have a feeling a pr will come out when the good stuff is added.
Mexus Gold Info for New Investors
This is a summary and should be followed up with your own DD.
The owner of the company is Paul Thompson. He has experience in the mining field and is a nose to the grindstone type of guy that can build just about anything. He has put together a low cost mining operation down in Caborca Mexico. The land that they are mining belonged to a family for over a century. They used to mine the area for gold by hand so much of it had not been explored.
Paul has become friends with the family and has worked out a deal with them to mine the land with the family helping out for a 25% cut of mill production up to $2 million dollars.
The company is NOW as of July 24 mining gold from the property. They are going through test phases with the waste product that the family had produced over the years.
The waste product is about 30,000 tons with an avg. of .25oz/ton of gold. Calculating this out we have
7500 ounces of gold in just the waste rock
(7500x 1700 price of gold per ounce) = $12,750,000
$12,750,000 / 189,000,000 (number of outstanding shares) = .0674 cent/share
A very conservative price to earnings is 10 so
10 x .0674 = .67cents price per share. Currently the stock is only trading at .44 cents. so it's priced 50% under just what it has in waste product.
Where the stock starts to get fun and exciting.
The main gold quartz vein that is on the property is the Julio Vein. This has gold in in the area as high as 5.5 ounces per ton !!!!
The ball mill set up for crushing and sifting for the gold can do up to 120 tons per day.
This is a quote from one of the early investors that has visited the site 3x and has put up over a million dollars financing the equipment.
"Original cost estimate was an oz running entire placer and mill for the day. Just stick with a shift running 60 tons and 2 oz/ton to produce 120 oz plus a placer 4 oz with family taking out 1 oz for 25%. Now is 123 oz for $1700 (original was $1550) cost or $200+K revenue. A 2 week shift is $2,200,000. 25 shifts, $55 million. Even at, say, 200 million issue full diluted comes to .275 earned and PE 20 is $5.50. Now can see what 120 tons, or 4 oz or both does to that. $11 and $22".
The property contains a possible 3 sources of gold at the moment. The Julio Vein, The quartz vein, and a 3rd area that is being investigated by a geologist.
With current economic monetary collapse I think gold will go higher. So these numbers should inflate more. Here are links to videos and pictures of the mine.
The Mine in Operation making Gold
I think for the stickies all the cable pulling stuff should be unstickied as it is on the back burner for now and have 3 stickies with the most recent releases pertaining to Caborca
Just be patient guys. The last thing we want this stock to do is shoot up and drop down just as fast.
I take that back he posted on private board. Looks good possible 3 rd source for gold. 30oz every two weeks no julio vein yet.
Dont count on anything. Scottrade accused him of being an insider and something about his posts
Finished at #10 on the DD chart and we now have 28 followers. This is going to become the little engine that could
GSimmons,
Everything out here right now is just conjecture. The only thing we know is they have 30,000 tons w/ an average of .25 g per ton. Until an update from Paul and Mexus on further operations and output nobody knows anymore than the rest of us except Don, who by the way is going to be down there this week to see the operations.
Ya if the rumor holds true of an update this week, I would expect it will have full run numbers for our first month of production with the ball mill. Also I would think some possible production numbers moving forward.
The stock was in total accumalation mode this week. Its holding strong waiting for the next big news bomb.
Ok but what target are you expecting off the charts?
rich2, what are you thinking from the charts for this in 3 months?
Stock55 what conference are you referencing? I have been in since aug 2010 and do not recall one. Also from your charts what price are you expecting. Just wondering
He mentioned it possibly but that is just herese until Mexus confirms they are going to process the silver and how much can we calculate the cost to produce gold
I dont think Don said it was low because of the silver content. Mexus hasnt even figured out what the cost is to even process the silver according to Don. He has said costs are the equivalent of a ounce or two a day
Hey fellow MXSG's
I have been in this stock since Aug. of 2010 and these next few months are looking very exciting.
There is a new photo up on MXSG website of core drilling. Nothing special but shows that they are moving along quite well.
I can't wait for run numbers after those are released this hit's $1 easily I think.