Mexus Gold US (MXSG)

[pedro17]

Let's say that somehow Mexus is actually able to produce 90 oz of gold and 200 oz of silver a month as they stated in their PR. (I personally don't believe they will even come close)

That comes out to right around 279 gold equivalent ounces (GEOs) per quarter.

279 gold ounces is current worth around $488,250 @ $1750 per oz.

Their expenses alone were over $640,000 last quarter. Now they are likely adding costly shipping and mining expenses which could easily make it higher in Q3. Not to mention all of the dilution from their convertible notes or from compensating the CEO TWO MILLION shares per quarter.

Even if they hit their goal (which seems very unlikely to me based on their past expectations vs results), I don't see how they will be even close to profitable. The fact that some think they are close to cash flow positive seems delusional to me...

& If they're not profitable then they will probably continue to dilute over and over, continuing the death spiral.
(written by WAT on another board, thought it summed up my feelings spot on.)