Mexus Gold US (MXSG)

[TMLonggun]

The placer shows 3100 tonnes/month with an average grade of 0.4 oz/t au. This is about 100 Tonnes per day which is around 3x their earlier tonnage. Mexus receives half of this IIRC but it does add up to significant production, especially as they expand to 6k to 9k tonnes/month.

It quickly moves to 3700 oz/ month from the placer or 44,640 oz annually from the placer at full rates. This is a lot!

Once the mill is running at capacity this is another 4000 oz/month or 48,000 oz annually. Factor in some eventual production from our heap leach and the back of napkin is getting close to 200k/year 1-2 billion valuation when the market turns.

One problem: The numbers the in the spreadsheet differ and there appears to be an error. It says 0.4 oz/t au which works out to huge ounces based on the tonnage but yet right below the totals that should be listed in ounces is listed in grams. There is obviously a huge difference between a gram and an ounce.

If it is ounces like it appears, then today's news is really good but I have a feeling people still won't care.