Mexus Gold US (MXSG)

[TMLonggun]

No one wants cheap resource stocks. That is why they are cheap.

After you subtract the 4 million note Mexus is due and the value of plant and equipment it seems like Mexus' high grade properties are valued at maybe 2 or 3 million. It is worth more than that right now. The land alone is worth far more than our market cap in my opinion. I have dozens of companies that are trading at less than book value, low p/e, or have huge deposits or potential that is valued at near zero. One of my companies has the equivalent of a fifteen million ounce gold deposit at about 14-15 grams per tonne and this is basically at surface in a good district with a fully drilled out 43-101 with most permits in hand and the others on the way. Value? A few million more than Mexus. Interest? Nobody cares. That is just two of hundreds of examples. The prices of these securities are largely arbitrary when near a bottom. This gives us the opportunity as investors and speculators to act, and potentially make transformational wealth, or not.

I can almost guarantee you in within 3-5 years these assets will not be priced like this and that they will likely revert to the other extreme side of the spectrum, ie a state of huge overvaluation.

I know I might be selling the kitchen sink for a few more penny miner shares.

Take care!
-TM