Thursday, May 17, 2018 11:35:11 AM
1. Why do you feel the appropriate price should be .10? Based on current situation I feel the current price is at the midpoint of where it should be (.005 - .03).
I base my price on;
- Lack of JV - no clear path to consistent production.
-Low/no cash on hand and no cash flow other than private placements, stock dilution or high risk loans.
- In ability to successfully process material on leach pad to sellable dore.
- Very limited feasibility study/drill reports.
- In mid 2016, with a JV in place and seemingly making good progress, things were looking up for Mexus. Even then it only sported a .06 share price. Mexus is no where near in as strong a position as it was then.
At this point in time the odds seem to favor that Mexus will not be successful with production before they run out of money.
2. LTT- why do you say no more convertible loans ever? If that is true, why was this last one necessary?
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