Mexus Gold US (MXSG)

[1manband]

The gold sales almost certainly cannot pay off the notes.

The costs to produce the gold will require most, if not ALL, of the revenue from the gold sales.

But even assuming Mexus produced gold at a profit, they have other, very substantial, CURRENT expenses that need to be covered.

Read the financials. This tiny amount of revenue from the sale of gold is not nearly enough to meet their current obligations of about $800,000 per quarter, much less pay off the huge amounts of unpaid bills that are legally ahead of the toxic notes.

It ain't gonna happen.

Chances are Mexus has not only not repaid the existing toxic death spirals, but probably had to borrow even more money just to stay afloat.