Monday, September 21, 2020 1:08:05 PM
B. The Company claims it can get a ball mill up and running with minimal work becasue it's been sitting around in the dessert sun and that doesn't effect equipment that much. However, the company claims the ramp up to restart the equipment at the San Felix mine (a mine that has allegedly produce many gold bars that the previous JV stole) would be much more difficult and expensive. So much so that the company is better off trying to continue to sink money into an unproven process to build and and attempt to process gold the Santa Elana mine.
C. In a PR the company claims "An average cutoff grade of 10 g/t Au will be milled and recovered by the gravity system with lower grades continuing to be placed on the heap leach pad." While the drill results the company previously published stated an average of 1.3 g/t for that same area. (Additionally none of the drilled areas shows a value of 10 g/t or higher.
D. September of 2019 Mexus claims sale of gold in PR. No sales (or expense offsets) was reported in the subsequent 10-Q.
How many times can a company contradict itself before folks realize it's no longer a conspiracy theory?
Remember how the talk of Mexus secretly funding Mar Mar was a consiparcy theroy... until it wasn't?
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