Mexus Gold US (MXSG)

[T-Hawk]

This may be where your definition of "increased production" may not align with mine.

More chemicals, diesel and personnel means you have the ability to process additional material, but it doesn't mean you can process more material within the same timeframe i.e. increase production. For example, If the current machenary is already working a full capcity 24/7 how does more chemicals, blasting or personnel increase productivity? It can't unless there is additional equipment.

Choosing not to pay down debt becasue you can't afford more chemicals is not operating at a profit and in my opinion it is not investing in increased production.

I'd encourage everyone to look at the overall big picture (not just today's PR). When looking at the high level basics of how a business wants to operate it doesn't make sense. How many times would you continue to take on more debt (at horrific rates) in the name of "increased productivity" before you finally stopped taking on debt and started paying off what you could and expand when you can afford it on better financing terms? You wouldn'

First you'd stop the bleeding, then you expand. You borrow at toxic rate levels because that's what you have to do to survive. You don't borrow at those rates to increase productivity. You'd wait until you could secure better loan rates.