Mexus Gold US (MXSG)

[cpmill]

So it looks like a nice project- here is a video update from back in 2007 when they were producing.

http://www.infomine.com/library/videos/1192c0/minerales_la_negra_gold_&_silver_property,_mexico.aspx

My understanding is that the San Felix Mine was shut down fairly recently (don't know exactly when) due to underperformance.

So my big question is- what is Mexus bringing to the table to make it viable? What will they do differently? Cause generally a profitable mine does not shut down- a profitable mine is sustained by the revenue generated from it's operations. So why was San Felix shut down, and how will Mexus be able to be successful with it when Minerales La Negra was not?

Cause if it can't be operated profitably, then it isn't really an asset, is it?

Further, does Mexus have the capacity (human resources) to develop their existing project(s) AND turn this one around? Are they splitting their attention at a time when they should be more focused on a core project?

The price seems very reasonable.... and I'm hoping that the SEC filings will have more detailed (and better organized) info than they have contained in the past.

I am going to venture a guess that the run up to 57 cents was in anticipation of this announcement- with EA sharing all the details (as cryptic as they are coming from him), many people already know what is going to happen before it is announced publicly.