Mexus Gold US (MXSG)

[T-Hawk]

And now the rest of the rest of the story...

Mexus was created under the premise that feasability studies didn't need to be done, The proof of concept would be actual mining results. (I.e. no need to do studies when you know the gold is there, just start producing and the rest will take care of itself).

Well... Mexus has yet to demonstrate that proof of concept. $9,000 is 6 oz of gold (assuming a conservative $1,500 per oz price.) Notice there was no information given about how much material was processed, how much of the material remains, purity of the gold flakes etc.

Any company looking to buy a junior miner will only do so if there either a bona fide feasability study listing reserves or the company has established continuous, profitable production. Neither one has happened. This reverese split was done to make room for more toxic notes.

If PT wants to show he's serious this was done to make the company more attractive to buyers, then in addition to the reverse split he should reduce the total number of authorized shares.

I also find it laughable that now the story has changed to "I always doubted that PT ever thought that he would bring Mexus to full fold out in operations ALL on his own" when folks have been quite clear PT has had no intentions of selling, ever.

Everybody just lost 20 percent of their shares. Additioanlly there will be more toxic notes issued and and share price will likely drop over the next few months. No matter how anyone trys to spin it, this is a turd in the punch bowl.