A lot of penny stocks like Mexus operate on a shoestring while trying to open a gold mine. This company is no different, with a limited website, and limited PRs. They are pretty much a 1 man operation with Paul Thompson doing all the heavy lifting as CEO.
However they were fortunate enough to sign a JV partner, MarMar, who has extensive experience with opening leach heap pads in Mexico. MarMar is paying for all the costs to get us into production, then Mexus will pay their share out of gold sales. After the startup costs are paid back, MarMar and Mexus will share profits 50/50.
This is a great way for Mexus to get to full production on a mine(Santa Elena) which is in an area with some major producers on the same trend in the area. Mexus's gold is near surface, which should make it a very low cost mine to operate, and while there are no proven reserves or feasibility study, most people here think the goods are there.
The charts looks great for a breakout above .10 after production is formally announced, then onward from there as production numbers are firmed up and the company delivers.
Hope this is the type of info you are looking for.
Dave
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