Mexus Gold US (MXSG)

[8thaero]

Hardly worth the bother but

Argonaut Feasibility Study is out for Magino which we know was the reason to cut and run from Elena. $405 mil in the face a need already by Feb '16 pre-fease in progress.

http://www.sedar.com/new_docs/all_new_pc_filings_en.htm

about size of the New Testament and might stop a bullet in combat . Project is 5,590 acres , Elena 3,200 all surface area (1/4 size of our Felix). Old underground they will turn open pit. Cap cost is $405 mil and process 10K ton a day , use waste tailings removed to a dam after carbon in pulp electrowin recovery. Life of mine ore is 1.14 gram/ton based on over 1000 usable drills of 2k done in past. 17 year mine life with last 2 using low grade stockpile to finish up.

Cost is $663 oz and have $1.3 bil mine life operating cost. While they try to get that big bite swollowed down and financed in the meantime we're producing gold from same 10K planned daily from heap, 2+ gr ore, no tailings to haul away and a few other goodies like no highway building so folks do not need to cross the open pit to get to Wawa. Thank God for MarMar!