Mexus Gold US (MXSG)

[F4Uvet]

Cost recovery efforts ? What efforts are those ? I don't recall any mention of that.
The latest mining effort was to fund further drilling and exploration. Recovery of $28 million ? Not likely.

Globe Newswire Feb 25
The company has removed approximately half of the material from the existing leach pad in preparation for the soon to be mined Julio II quartz vein material. Mexus President Paul Thompson believes the company can achieve one gram per ton gold recovery along with 4 grams per ton silver. This small but important production amount will give Mexus the funds to begin its second stage of drilling and meet ongoing obligations.
"Recently, there have been two major mining companies who have visited the mine reviewing grades and current infrastructure. Mr. Thompson stated that although the plan is to continue to move forward towards production, the company will consider offers and opportunities that would maximize shareholder return."

The expected yield per ton keeps changing....like the wind or the tide > or the effluent level at the sewage treatment plant.

Guess the two major mining companies weren't impressed.