Mexus Gold US (MXSG)

[TMLonggun]

Placer - run by family on auto, pays minor expenses.
Mill is on auto working fine with a years worth of waste rock to run.
The Julio has a head-frame, shoring, skiff etc and according to 8 have a blast permit and have miners from Trin Pacifico working or en route. I follow a few underground projects, this one needs very little if anything (aside from the unforeseen) and if it isn't in operation it will be shortly. I hope they PR this.

The income from these sources should allow them to fund the more complicated and advanced projects and fund operating expenses for the other projects.

As for their current rates rather than speculating too much I would just wait for the quarterly. There are too many factors and I think their earnings could range from 1-10 million+ depending on how many work days they had, initial mill recovery etc. Any money is good money at the start when going from a loser to a maker.

The Trinidad Pacifico mine also has a floatation circuit but with 108 employees I would imagine they have a few who know how to operate their facilities and offer value to the JV.

Mexus is bringing cash but more importantly is the ability to raise/borrow/make more funds if needed. Pacifico is a private company and didn't have the flexibility Mexus had (IMO). Together they are a stronger and more robust combination, perhaps the makings of mining powerhouse (or maybe yet another JR failure story).