Mexus Gold US (MXSG)

[T-Hawk]

It would be great if Mexus cost to produce gold was $400oz. I don't buy that number.

First, Mexus has yet to establish it has sold any gold. How can a cost per ounce be calculated when we've yet to produce an oz of sellable gold?

Second, we don't have a credible study (one that would pass scrutiny of SEC) that establishes total reserves. With the company incurring over $30 million in combined debt/expenses and no idea what total gold reserves are, we have no way of calculating our per oz expense.

Perhaps once Mexus figures out the secret sauce to leach gold the production costs from that point forward are closer to $400 oz. But it is way too early to make any kind of assumptions of production cost per oz.