Mexus Gold US (MXSG)

[T-Hawk]

EW is simply vats of carbon to remove and ship and get 97% assay gold and 95% silver as the refiners cost with 90% immediate cash

You may want to read that PR again..

The agreement will pay 97% spot price for gold and 95% spot price for silver with a 90% advance payment based on assays.

It's unclear (probably intentionally). At first read it sounds like only the 90% advance is being paid based on assays. It's unclear what the 97% gold & 95% silver payments are based on. My guess is it is based on the final value of gold & silver smelted/poured (i.e. the amount that can be sold as .999 gold).

There's no way they are paying 97% & 95% of they assay amount. There's more than a 3% weight loss in processing material from the EW carbon filters to a sellable .999 pure gold/silver product. The refiner would lose money at that % amount.