Mexus Gold US (MXSG)

[rbtree]

Eureka. An article that references the bi-weekly short interest instead of the meaningless short volume so often spouted as evidence of rampant shorting. But even that 22k short interest number is insignificant and only reflects the small number of unsettled trades as of the report.

Funny they wrote that, as no one here is blaming shorting for the stock's long slow decline from ~23 cents.

What I'm seeing is the many delays that I expected, but few wanted to talk about, starting from back in late 2016, when most were euphoric waiting for gold to be produced and eventually a ramp up to 10k tons a day.

IMO, and I hope I'm wrong, for the sake of all you longs, but I'm afraid it will be a long time before they get to that production level. I also expect that grades will drop way off, if and when they start going after the bulk of the property rather than concentrating on the higher grade vein structures.

Don't forget, the only real drill program that has ever been done indicated a far lower grade than even 0.3 opt, when taking into consideration the entirety of the depth of each drill core. The rest has just been some surface sampling, which isn't a valid indicator of what's really there. Real mining companies don't go into production blind, you know.... and regardless of what has been claimed here, GRC did far far more exploration and testing than has been done here.

Good luck, all. IMO it will be needed.