Mexus Gold US (MXSG)

[A Dinosaur]

Where are you getting your numbers? According to Argonaut, their mine closest to Mexus is La Calorada. http://www.argonautgold.com/_resources/factsheet/factsheet_March_2015.pdf

Their cost of production for last year was $730 - $750 per GEO. They are predicting lowering that cost to $600 - $650 this year. However, that is irrelevant to us.

"Once the option is exercised, Argonaut will hold an 80% interest of Newco and Mexus will hold a 20% interest in Newco. All mining operations will be funded by Argonaut at no cost to Mexus."

That means that, if gold is $1300/oz, Mexus' share will be $260.

Dino