Mexus Gold US (MXSG)

[T-Hawk]

For the three months ended June 30, 2021, the Company had recoveries from the sale of gold of $19,949 compared to $117,389 for the three months ended June 30, 2021. Sales of gold are reported as a reduction of exploration expense in the consolidated statement of operations since the Company is in the exploration stage.

Are we to assume the second year referenced is supposed to be 2020?

This also caught my eye;

Operating Expenses

Total operating expenses increased to $641,263 for three months ended June 30, 2021, compared to $266,059. for the three months ended June 30, 2021. The increase in operating expenses was primarily due an increase in stock-based expense – consulting services

Consulting service cost tripled. Any idea where this money was spent? Did we have to pay our neighbors to come take a look at our property?

Oh... and the company is also in default for over $1.2 million.

On June 30, 2021, $1,228,535 of notes payable and notes payable – related party were in default. There are no default provisions stated in these notes.