Wednesday, August 04, 2021 5:18:52 PM
Did the filters make it to SIPI yet? Has the 90% advanced payment from SIPI been received? If not, is there any ETA on when either of these events will occur? The PRs announcing the SIPI agreement and shipment of filters was given over a month ago.
Here are the facts as given by Mexus;
Mexus will receive 97% spot price for Au sent to SIPI.
SIPI will make an advance payment of 90% based on assays
Mexus has claimed up to 4000grams of Au in the filters was shipped.
4000 grams = 128 Troy oz.
Gold spot price is current'y 1813.00 oz (we'll use $1,800 spot price to be conservative)
90% of spot price is $1,620
$1,620 x 100 oz Au (I'm going to low ball the number of oz becasue the PR says up to 4000 grams) = $162,000 advance payment. (and that doesn't include payment for silver amounts)
Anything above $162,000 gives credibility to Mexus and demonstrates they are getting their crap together. Anything less than a $162,000 from SIPI means Mexus' PRs were significantly inaccurate.
I honesly don't know where this will eventually land. If someone held a gun to my head and forced me to make a prediction, my wild arse guess is it will come out Mexus was only paid a smaller amount, I'll throw a dart and say $30,000 advance payment. Half the folks around here will then positively spin that as progress, and the other half will say Mexus lied.
That's my opinion, anyway.
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