Mexus Gold US (MXSG)

[T-Hawk]

All's mentioning gold sale is YOU. Mining ops has MANY salable items prior to refined pours. Placer is not pour. Sand gravel and even tailings come to mind. If you ever knew Ken as I? He was finding "valuable" tailings PT trucked in for experimental floatation tank PT constructed. Proved worthless except for that SEC blurb

So now the story is the $1.4 Million in revenue was from selling material other than gold that was being created during the mining process?

Only gold sales has to be counted as an offset of exploration costs? Any other bi-products (silver, copper, souvenir collector coins, etc.) can count as revenue? Or is it only poured gold sales that has to count as an offset? Gold mined via a placer miner can count as revenue?

If the tailings were worthless, how did they sell for $1.4 million?

Where in the SEC regs can one find out what minerals can count as revenue and which ones must count as an offset of exploration costs?

So during a JV period we KNOW from pictures, and I was there to see and handle, poured lots of silver and even stolen and recovered gold? TOTALLY NO "GOLD SALE" mentioned! HOWS ZAT WORK. Might that be test mining exception to expense costs? 8

I believe at one time someone also said these gold sales back in Ken's day were reported as revenue because they were done by a JV and not by Mexus, therefore allowed under SEC rules as revenue.

Story time keeps getting better and better...