Mexus Gold US (MXSG)

[T-Hawk]

I'm completely speculating, but my guess is PT will skirt that issue by putting out some sob story about how after further consultation with the auditors it was determined Mexus could not declare itself to be in production.

That would seem to fit why the audit is taking longer than expected and why the auditors have been asking so many questions.

If the audit was completed and reflected any kind of revenue from gold sales, I have no doubt it would have been immediately released. This is a company that routinely releases PR's speculating about the mere possibility of "imminent" production. If it were able to actually establish proof of production, there's no way they sit on that information for a week or longer.

In that case, the financials should show gold sales as revenue unless they just completely lied in their press release from just a month ago - these are their exact words -

" The auditors required additional information concerning the sales of gold and the accounting procedures put in place as required by Mexican law. "

Thats literally saying there were sales of sold.