Mexus Gold US (MXSG)

[TMLonggun]

Painting everything as a wonderful investment opportunity...there is no mention of the other red flags here

Right off the bat, this is wrong and not at all what I have been saying. I use a lot of words so that I can be very clear. Mexus is not an investment and I have never said it is one. Mexus is a speculation - huge difference. One is low risk and has a lot of proof, income, and hard numbers behind it, the other is by its nature high risk and subjective. Mexus has no cash, subjectively valued assets, and no profits/dividends... for now. It isn't an investment, although it might one day become one.

6 sentences in: "Mexus has obvious potential and obvious flaws that are visible to laymen, along with the whole gambit of junior mining risks."

I mention risk factors in nearly every single post I make, much like you...except I tend to include the other side too and try and let people make up their own minds and make informed decisions and not just push a certain point of view nauseam. In the end it is about perspective: I care about whether the boat will work as intended, will it float and carry cargo safely? You seem to care more about whether the rivets will hold if we strike an iceberg years down the line. Both of these things are important (big picture and nitpicky minutiae) and both can sink ships, but clearly one type is more important than the other. Getting something difficult to work is paramount, making it less risky and improving upon efficiency comes afterwards. The rivets are less important than having radar and a competent captain.

Over half a decade I have addressed all of those issues you mention... probably dozens of times for most of them. I bet I could write a page of risk factors with this stock that would dwarf anything you guys have come up with so far and, while I considered posting such a list a couple years back when everyone was very bullish and excited, I reconsidered because our lovely mining "mining company research" team showed up ready to save us all and endlessly promote every perceived red flag. The normal risk factors in any junior are so numerous we could literally talk about them all day, every day - maybe that is what some people want but wow what a depressing and inaccurate picture that would present. Mexus has a lot of flaws and risks - it is obvious- just as much as the exploration and production potential. It still doesn't change my opinion that the good outweighs the bad and that the project can ultimately earn a profit because of the positive attributes the pessimists routinely ignore. So I'm long and I will tell people what I believe to be the truth but at the same time I am not going to bash my own speculation excessively and focus on small warts I deem to be inconsequential in the greater scheme of things merely just for the sake of being negative and pleasing a non-shareholder.

We have enough 100% negative and 100% bullish only posters so I never post completely one sided messages. Our #2 risk factor is almost never even mentioned at all, and I don't mention it because I think it is obvious and in poor taste. So you guys might be slacking a bit. Think of all the orphans and widows you could save from this hr/hr speculation.

No, but I assume we will be credited/compensated.

Do you mean shareholders? How would that even work? The money is gone/spent.

Spent but accounted for. If we provide 500k of equipment and a million dollars to MarMar's 500k of expenses then Mexus deserves to be paid back the million (the balance) before the split begins. If the circumstances were reversed the opposite would be true too. I wish this was more transparent but I don't expect detailed public accounting from a private Mexican company, I do expect Mexus to keep track and verify. It is clear MarMar provided key legal and support staff early on in addition to general labour and production equipment. Mexus seems to have provided the plant, pad liner, specialist consults and some operating cash along with the property itself. MarMar isn't complete dead-weight either. It cannot be stressed how important it is to have social license to operate along with a local operator that speaks the language and has political and legal capital. Without it, a surprising number of projects end up in derailed in the courtroom, whether they are in a Nevada mining district or a desert in the middle of Mexico.

Maybe more stuff about climbing up into a valley and seeing that every boulder sparkles and is made of gold or somesuch....story time is fun.

Way to again completely misrepresent what I was saying and miss the point I was making. Your central argument is essentially that Mexus hasn't done the appropriate pre-production feasibility work and established SECIG7 compliant reserves so therefore its chance of successfully making a profit is zero, or at best, very low. If you apply this same standard to the hundreds of thousands of mines that existed before those things were invented and created it demonstrates that assertion is completely incorrect and indefensible. My point was merely that humans have mined metals for thousands of years without detailed modern feasibility studies and regulatory agencies, so it is obviously not a necessary precursor for success. The funny thing is mining scams have existed for hundreds if not thousands of years yet I would say now more exist than ever before, despite these "protections." And even doing such expensive studies and compliance is obviously not a guarantee of success, as the corpses of hundreds of failed modern projects can attest.

I can provide many peer reviewed historical sources to back up my claims but it is not the main topic of this board. The history of mining is fascinating and proves that determined humans without geology degrees could find, extract, and profit off of mining. And yes, for the record, finding abundant visible gold (or other indicator minerals) in the Elena shaft or anywhere else for that matter, would likely grade in the ounces per tonne and be a very encouraging prospect that is likely to be economic baring a few other variables like depth and ore composition even if it takes a few years of testing and tinkering to figure it out. I don't need to complete a university degree to pick a nugget off the ground and find that to be an encouraging sign if I am prospecting, nor do I need 50k meters of drilling to follow a trail of surface indicators and exposed veins, like bread crumbs. I want the properties to be fully explored, but that would take decades of work with money we do not have, hence the rationale for scaleable test production on obvious high grade zones. If you dig down and you can see exposed nuggets you don't bust out a calculator to determine if that is "ore," you mine it and prove up the less obvious stuff as you go along. Placer or hard rock is irrelevant. It is mainly about grade and consistency. After a certain point "obviously economic" is all that matters in the opinion of the mine planners. If others nearby mine .4 g with a big smile then finding 1-10 grams on the surface represents a very compelling target and something highly likely (nearly certain I would argue) to be economic for initial production (assuming metallurgical issues are ultimately resolved).