Sunday, December 16, 2018 2:09:47 PM
There's some easily provable crap. Phase 1 aim to prove up 100,000 tons would be $1,400,000 as only a valuable by product. OOPS!
Some real background not just blue sky opinion.
Restacking and releaching pad 3 of the 6 for 3 million tons piled at San Felix was then producing at such a rate, non-continuous but each time preg pond reached hi assay. I was there for 2 of the pours. The Mexus site shows one of them as 18# gold then $1,750 for $1 million and 490# silver then $34 as another
$500,000+. Other pics were of them all piled up on a table.Very clear few here were watching as a JV with Mina San Felix 50/50. Ken's equip was old junk he never repaired and PT used our haulers and crush circuit. In the 3rd production he had his girl the metallurgist steal part of pure gold refined. They were caught by security camera and simple logic some was missing. We had loaned Azuka some $350K to clear his debt affairs knowing he could not repay and took over 100% San Felix with Federales arresting him with a struggle on the Mexus office couch, using recovered gold in court placing him in prison. Decision was Elena was the more valuable so Felix was sold for contracted $4,000,000. POG dropped like a rock and the debt was not paid causing Felix to revert to Mexus we really did not desire. Now sits in limbo
with MarMar out of Elena and Felix. Now Mexus is drilling Elena as next step to reactivate all other claims. CEO does NOT play games in dead serious biz. Any of that constant hard step by step efforts seen as an amateur fly by night. Not to me involved and seen it all up damn close.
BTW if can't find such financial info in '12-34-14 SEC filings it seems to be simply don't know how to look. Feds have had them
3-5 years now thus them howling bloodhounds seem pleased enough some time now.
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