Mexus Gold US (MXSG)

[T-Hawk]

When the basement dwellers first started questioning the ability of Mexus that point was one of the cornerstone rationales longs used on why folks should invest in Mexus.

It was stated there was no need to waste time and money on reports to tell them what they already knew, that gold was there. The plan was to jump immediately into production and then once the proof of success was manifested through the undeniable results of mining gold the details of calculating reserves would then be done as part of a strategy to up list the stock (and paid for via production instead of financed through debt).

Unfortunately, that strategy hasn't materialized so Mexus is in a tough spot of having very, very limited quantities of gold produced, dependency on dilution to keep the cash flowing, and no reputable reserve reports to help sway new investors.

At least the company in Alaska knows if it has a level of reserves worth additional investment/effort.

Mexus has spent multiple millions, produced a negligible amount of gold and still has no insight on if there is any reserves to mine at a profitable level.

Some company up in Alaska spent multiple millions and produced no copper or Gold as yet, a bunch of technical supports which some folks say is the key to success in the mining business

They produced only costly lawyers