Mexus Gold US (MXSG)

[T-Hawk]

"Exploration Costs


Exploration costs are charged to expense as incurred. Costs to identify new mineral resources and to evaluate potential resources are considered exploration costs."

SUPRISE! Ye Olde Test Mining exclusion even prior to an OTC symbol listing!

Yep, exploration mining companies are now required to follow that method. That rule came into effect on 1/1/21. Prior to 1/1/21 sales could be counted either as revenue or offset of expolration costs. Mexus chose the former method when repoorting sales (as can be seen in their 2012 financials). ...But you knew that.

Regardless of how much you try to create a side distraction with outdated observations on how gold sales are reported, you won't distract folks from the issue that Mexus is clearly not producing gold with any regularity or amount of any significance.

Oh and the PR on the 21st you referenced... it wasn't that gold was sold, it inicated gold will be sold - as in it hasn't happen but it might - sometime in the future. Significant difference. Some might think it was intentially worded that way to create the illusion that something happened, when it hasn't.

Curious how after sending out 2 PRs announcing the excitement of Mexus future sale of gold, the company has sent out zero updates about if the gold sale ever happened or how much was sold.