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Tuesday, March 16, 2021 4:28:35 PM
GORO was able to prove reserves by getting to profitable and sustainable production and selling gold in 4 years.
In almost 10 years Mexus has not been able prove profitable, sustainable production to sell gold, and has no establish mineral reserve amount.
That's a huge difference in the eyes of a potential JV or potential buyers eyes.
Mexus vs GORO is not an apples to apples comparison. Perhaps in the begining they attempted a similar "no feasibility drilling" strategy, but GORO's reserves eventully proved out.
Mexus' reserves have not. Additionally, what little drilling Mexus has done has come back with mixed results at best (and that's being generous).
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