Replies to post #3744 on Mining Company research board

[deadjim]

He quoted the mention of 43-101 and estimating surface resources as fraudulent. I don't see it

[gitreal]

In case you hadn't noticed, I addressed the issue of labeling Mexus a "scam" on the Mexus board:

gitreal Member Level Thursday, 12/22/16 05:54:22 PM
Re: Amadeus4153 post# 11946
Post # of 12029

There is a continuous spectrum of scams....ranging from companies that are almost fully legit, to some of the most ridiculous, amateurish con-games. Look at the mining stocks that I have posted on over the last few years....there are some 1's all the way up to 10's........

Let's use a scale of 1 to 10 on the Scam-O-Meter. 10 being the worst blatant scam ever, 1 being just a little flaky, and pretty close to legit. I rank Mexus a 3, maybe a 4. Just a personal opinion, of course.

Plusses are that they are fully reporting (that's good!), they are promoting properties that actually have some level of potential, and there has been some historic production (placer, at least). Argonaut did some drilling, which shows at least some level of interest by a legitimate exploration company.

Downside......the level of hype is out of control. The SEC filings have not been without frequent comment letters by the SEC. The technical reports are borderline fraudulent, and not done by a third-party. There are no assay reports attached to the technical reports. Toxic financing, with ever-increasing rates of dilution. Management appears to have set things up to funnel investor money back to themselves, beyond reasonable levels. And did I mention the hype (tonnage and grade, with extremely limited exploration)? No feasibility study, but of course, one cannot be done without completed exploration.

postscript: Another negative is the repeated references to the 43-101 "standard". I won't rehash all that, but no legit, US-traded exploration company would ever mention the 43-101 "standard". It is a huge red-flag.