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Monday, May 18, 2020 10:02:23 AM
Overall this appears to be positive progress. However, I do think there is some Mexus wordsmithing at play to make things appear a little better than reality.
1. 47.5 oz of gold sold. This is the core positive news of the PR. I look forward to an 8k supporting this claim. My two critiques/concerns on this statement are; (a) it would be nice to know dollar amount, but I get that isn't typically shared. (b) my skeptical side is wondering where/who did they sell too during a pandemic when all non-essential services are shut down.
2. 45 oz processing the week of May 18th. My issue is the term "processing" is vague. Does that mean it's been smelted and the sale is processing or does it mean they believe there is 45 oz worth of gold processing in the Merril Crowe or on the leach pad. My warning to folks about this section - don't count your chickens before they hatch. We've seen this kind of word play before.
Hopefully, all of these claims will eventually be substantiated in the financials.
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