Monday, November 23, 2020 9:09:33 AM
Okay, let's beat this dead horse... again. Please provide the link to any current SEC Industry Guide standards that forbid mines in exploration stage (i.e. mines without proven reserves) from reporting gold sales as revenue.
You can't. Those standards don't go into effect until January 2021. THERE ARE NO CURRENT SEC STANDARDS THAT PREVENT MEXUS FROM REPORTING GOLD SALES AS REVENUE.
To provide further factual evidence to support my position I direct you to Mexus' 10k and 10q from 2011 &/or 2012. You will see gold sales reported as revenue in these financials. Mexus did not have proven reserves back in 2012 either, yet there it is in the financials.
So again I ask you to please provide us the link or give us the regulation, code, section and subtitle as to where we can find SEC Industry Guide regulations currently in effect that forbid Mexus from reporting gold sales as revenue.
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