Mexus Gold US (MXSG)

[T-Hawk]

A correlation between increased gold prices and increase in Mexus share price will only occur IF

1. A the value of established mineral reserves are increased (which currently can’t be done because there are no official reports on mineral reserves)

Or

2. An increase in actual gold sales.

Considering Mexus gold sales are at approx. 33 oz per quarter a $100 increase in gold spot price would mean an increase of $3,300 in quarterly revenue. Annualized that means an increase of $13,200. Divide $13,200 by 367 million outstanding shares that ends up being an increase of .00004 cents per share.

Someone else reported that I was wrong saying that the price of GOLD was rising and MXSG would follow, another one to ignore