Mexus Gold US (MXSG)

[T-Hawk]

Thinking about this more, how many shares does Mexus have remaining to issue? Based on current market cap, the company has over 800 million outstanding shares.

Two observations/concerns investors should be monitoring;

1. Control of company. With the need to issue more shares to cover the toxic debt is there a risk of Paul losing control/ownership.

2. I don't see how Mexus ever reaches a market cap of almost 1 billion (what would be needed in order for shares to reach the vaunted $1.00 mark). For reference, at it's peak, GORO had a 1.7 billion market cap. However only it has only 57 million shares outstanding. Most of the reason it was able to get to $30 per share was because it was paying a monthly dividend of $.01 - .05.

2.a - In order for Mexus to pay a $.01 dividend on 1 billion shares Mexus would need to have a net (profit) of, at minimum, $10 million (equivalent of 7,700 oz of gold at $1,300 oz). Assume a mining cost per ounce of $500 an ounce (which is extremely low) it would take a minimum of 12,500 ounces of gold produced to make a $.01 dividend payment.