Tuesday, November 26, 2019 9:34:09 PM
Let's look at things analytically. Mexus has been incurring a loss of $3 million/year...year after year. In order to offset this loss, they must produce in excess of 2000 ozs/yr, year after year. After 9 years of raising Sonoran dust, they have yet to prove any kind of return on investment. The caveat that comes with each 10Q and 10K relating to doubts regarding the survivability of Mexus is real and more of a concern than ever.
As has been stated before..........
Gold production is meaningless if it can't be done at a profit.
Gold is not rare. What is rare is economic deposits of gold that can be produced at a profit. Anyone can produce gold - there are thousands of known occurrences just in the Western US available right now available for acquisition. The reason they are available, even multi-million ounce deposits, is because they can't be exploited profitably.
The chances of MXSG ever producing any precious metals at a profit long-term (the life of the property) are slim to none
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