Mexus Gold US (MXSG)

[Belgie24]

My take: this is a tiny company taking baby steps, that most exploration stage companies never reach, that being actually producing gold.

They learned from some rather big mistakes, moved on from failed JVs, solved the chemistry problems with the ore, chose an approach with the electrowinning that is working, but still having the ball mill to come for high grade ore.

A lot has gone right the last 6 months. Production progress has been clouded by the dilution of the toxic loans, but skies are clearing on that front.

As far as production needed to be considered a legit player, it will have to be higher than 150 ounces a month, Get to a couple thousand ounces a month, and build on that. We're a ways off from that. A lot of machinery, and many more employees will be needed.

One step at a time. All this happening as gold goes north of $1800 is a huge positive for a little company like this.