Mexus Gold US (MXSG)

[Aqua-FX]

This is fantastic news. Finally hard numbers to go with. It sounds like they grabbed alot of surface samples and not so much deeper core samples. So we could have richer samples the deeper the veins are followed. I am sure 8 will be able to decipher and explain much more from this.

"The report states that the 6 major vein structures identified in the area south of the Julio shaft account for nearly 4,000,000 tons of ore with an average gold grade of 2.5 grams with three times as much in Silver"

If math is correct that goes to

4,000,000 x 2.5g = 10,000,000g of gold
10,000,000/31 g/oz= 322,580 oz of gold
322,580oz x $1700 = $548,387,096

Our market cap is 53 million at the moment. A share price to reflect 548 million is $2.88

Adding in Silver
4,000,000 x 7.5g = 30,000,000 of silver
30,000,000/ 31g/oz = 967,741oz of silver
967,741 x $33 = $31,935,483

Share price would be $3.05 for market cap