MMEX Resources Corp (MMEX)

[jmjjw]

The MMEX STRONG, challenged in understanding, seem to think that a parcel of Pecos County desert has some intrinsic value, and is material in some regard.

First, MMEX-scam’s plot of desert is far removed from critical infrastructure - there are no crude or refined products pipelines nearby, isolating the site from the lowest cost transportation mechanisms for crude and refined products.

The claim “middle of the Permian Basin” is wholly false, another misleading statement by the MMEX STRONG. In fact, MMEX-scam’s isolated site is at the far southern extent of one of the sub-basin regions, and it straddles a marginally productive structure known as the Central Basin Platform.

The nearest crude terminal is 31-miles distant, and there are no refined products terminals within 100-miles.

MMEX-scam’s stranded, isolated location would impose significant margin penalties on any product MMEX-scam might ever produce - which is an even bigger issue for MMEX-scam, as the Phase I facility proposed could never produce a single drop of directly marketable product. The transportation margin hit, and the discount that MMEX-scam forces on itself for ATB, AGO, and LGO guarantee the unit would never break even.

MMEX-scam's land is currently a liability, and in the best case, an unimproved desert parcel is worth only a few thousand dollars. The market value is established, in this case, $10 - this is a matter of public record, available at the Pecos County Clerk's office.

The ridiculous, ludicrous claim "It has to be worth millions..." is nonsensical.

I'm not sure why cheap land is a problem to you. Seems to be a smart purchase. It has to be worth millions in order to build an oil refinery? please explain