Replies to post #11361 on Mexus Gold US (MXSG)

[deadjim]

From 8k. Publicly available:


Argonaut completed 16 widely scattered drill holes totaling 1990 meters.   It is important to note that these samples were not taken from the properties quartz veins which are known to hold high grade gold. Argonaut was not interested in underground mining as these holes drilled were targeted for a large open pit heap leach operation. The average for the 16 holes was .392 Au ppm and 1.676 Ag ppm.    Attached is a detailed map showing where the 16 holes were drilled and the results of the assays that the Company has received to date.   As one can see, these holes were spread out across the property.


Although Mexus is disappointed that Argonaut has decided to terminate its option and was not interested in the high grade underground hard rock project which has huge potential, the Company remains confident that the property is still attractive.  In that regard, CEO Paul Thompson has already begun speaking with other parties regarding the underground hard rock project who were interested in partnering prior to the Argonaut deal. CEO Paul Thompson  stated, “I will continue to seek a partner who wishes to bring this property to full production.  The drill results shown prove to me that this property is economically viable.  I believe that a consolidated drill program will prove out a substantial reserve with higher averages than shown above.   An update on a new partner will be released as soon as soon as information becomes available.”

[Amadeus4153]

"However, a quick perusal of their filings shows a long list of debt, including toxic death spiral convertibles...."

You are incorrect. MXSG currently has very little to no debt. The "toxic death spiral" convertibles have been paid off.

"I do see, huge share selling by Thompson...."

Please state exactly the number of shares sold that you are referring to as "huge". Mr. Thompson has sold off and on over the years here an itsy bitsy teeny weeny portion of his holdings.

[eddyimano]

If what you claiming is negative to MXSG, the share price should have been punished already instead, stock price has been raising. Let's see what on day brings.