Mexus Gold US (MXSG)

[T-Hawk]

The real answer is we don't know if the loan will be or has been paid back.

Based on the current company financial situation and lack of production or cash flow it doesn't seem likely to come from there. I suppose it is theoretically possible the company has gold in the carbon filters that can be cleaned out and sold. However, the last time they sold they "netted" a little over $26,000. A long way from the $166,000 needed.

The only other way I see they can cover the note is raising funds. Of the two options, this seems the more likely. But in my opinion that depends on primarily one person - Don Phillips. He's the deep pockets behind this outfit. I guess we'll find out on Monday if he put his money where his mouth is.