Mexus Gold US (MXSG)

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Argonaut sold La Fortuna. They were able to find a buyer because there was demonstrated value. Mexus has not been able to even find a credible JV.

Argonaut sold La Fortuna at a distress price, probably to preserve cash and for the tax loss. Mexus on the other hand is not in the business of buying hi and selling low. They will patiently wait for the right sales price at the top of the gold cycle that is coming in a few years and when valuations will be astronomic, so as to amply reward their loyal shareholders. Now that they are producing on their own, there is no longer a need for a JV, and it is probably all for the best that they didn't do a JV for a pittance.