Mexus Gold US (MXSG)

[T-Hawk]

Let's be clear. I am not the one who keeps bringing up the non-established reserves nonsense. I am rebuffing the person(s) who does keep bringing it up. That nonsense story has now been debunked multiple times - including using the document you linked too.

I'll drop the issue as soon as the others on this board finally concede Mexus can show (and could have shown) gold sales as revenue (at least through 2020).

Mexus lied about gold sales throughout 2018 & 2019. Some posters have tried to cover for them with bogus claims about how the company can't claim gold sales due to not having reserves. Those claims have been factually and repeatedly debunked, yet some are still clinging to that claim.

Gold cannot be reported as 8 said.

That is not what it said. It states the opposite....

Sale of product during the development stage
None of the companies reviewed disclosed their accounting treatment of revenues derived from the sale of product during the development stage, probably because such revenues are not material to the financial statements. The alternatives are to record sales as revenue, in which case the cost of sales would presumably need to be computed, or to credit revenues against the cost of the project to which they relate.