Mexus Gold US (MXSG)

[T-Hawk]

I don't see how this is news that will make the price move up with any significance.

Key take-aways from today’s PR.
1. New equipment, that is bigger and better than previous equipment (that was bigger and better than the previous equipment it replaced), is complete and operational.
2. This new equipment can handle 3000 tons a week (If I recall correctly I thought some longs claimed the previous MC system was going to be able to handle 10,000/week).
3. We are no longer digging and processing ore where the company performed the 3rd party drill program that turned-up “promising” results. (By the way the final results were supposed to be completed February 2019 but I don’t see that those results have been published yet). We are now digging where in-house assays have turned up “excellent values”.
4. Production cost are estimated to be $437/oz. But that projection “…is based on a gold spot price of $1500 an oz. and silver spot price at $18 an oz”… (Not sure how gold and silver spot prices influence our production cost).
5. Still no official record of gold sales.

More of the same.