Mexus Gold US (MXSG)

[T-Hawk]

Wow! $5000 an ounce cost? Ok well... $5000 x 100 ounces = $500,000 cost per a month. That would be $6,000,000 spent for the year.

Expenses per year have been around around $2 - $3 million. Using your example of 100oz per month the average cost per ounce would be around $1,700 - $2,500. And that doesn't factor in the $30 million deficit that has accumulated in prior years or include 24/7 labor - becasue Mexus only employed one person - Paul.

I get that it's similar to a pharmaceutical company creating a new drug in that it's only the first pill that costs millions to make. But when one doesn't know how many millions its going to cost to create the first one, it's nearly impossible to know what the cost per pill will average out to be.

Some around here, including the CEO would have us beleive it's as low as $250.00 But that number completely ignores the $30 million already spent trying to get the 1st ounce of gold out of the ground or knowing what steps and "ingredients" will be needed to continue to extract gold.