Mexus Gold US (MXSG)

[T-Hawk]

So 2+ years ago Mexus lacked the expertise and resources to mine Santa Elana itself. The only way it could move forward with Santa Elena was to bring on a new JV that was footing the cost. Now we are supposed to believe that with the same lack of expertise and even more debt and Mexus can do this without JV help?

Also, isn't Mexus 50/50 with MarMar at San Felix? Do they still own half?

Let's not forget we have 2 experts working on the recovery system for the last 6 months. So we should have gold... soon. After all we are in production, or are we. This PR states production will begin shortly after the hiring of staff.

Additionally, two months ago we were told a vat would be in place and operational within the next two to three weeks and producing withing 72 hours of set-up. Now were told it will be at least another 2 months before that is operational.

But hey at least they have the Julio quartz vein right? There's tons of gold there, except that we don't have the equipment or personnel to dig it out or the ability to recover it after we heap leach it. But those are minor details.

Besides, most mine start ups take 20 years and at least 2 JVs to get going. Mexus has minimal toxic debt, except for the note that some stated would be paid by the end of March and now the announcement of a non-dilutive capital raise plan.

Bottom line, set backs happen, but this is beyond a set back. All these attributes of Mexus and PT everyone likes to hang their hopes on have now faded away. Honesty, low debt, JV footing the cost... poof! Gone.