Mexus Gold US (MXSG)

[T-Hawk]

So according to the PR nothing new can be proven.

1. The Toxic loans were allowed to convert.
2. No amount of gold sales confirmed or released.
3. Variable leaching rates from .019 -.048 and some wild ass guess that it will reach .05g/t.
4. Claims that no new loans have been taken out. However this won't be confirmed until the 10q for the current quarter comes out (not the 10k due next, but the quarterly due for the 1st quarter of Mexus fiscal year). So if there were/are any new loans taken out investors won't know until at least August.
5. Some wild ass guess about the valuation of equipment/infastructure. For reference the company claimed $1.19 million in assets in the 10q filed on February 2020. It will be interesting to see if the assets listed on the upcoming 10-k match the 10 million valuation being used in the PR.

There is nothing in this PR that convinces me Mexus has overcome any obsticles.