Replies to post #13055 on Mexus Gold US (MXSG)

[deadjim]

Guide 7 currently only permits reporting of reserves based on a final feasibility study),

Does it? I was reading guide 7 last night, and it stated that a "Reserve" can either be a Proven (measured) Reserve, or Probable (indicated) Reserve.

Maybe I need to find a better source on guide 7, but PDF I was reading was short. I didn't see anything about cost per ounce as has been mentioned here.

[gitreal]

Yes, the proposed rules will affect exploration phase companies like Mexus (see beginning P. 191):

First, the proposed rules would preclude the use of exploration results, by themselves, to derive estimates of tonnage, grade, and production rates, or in an assessment of economic viability. This should reduce the potential for overvaluing the disclosed exploration results.

This was discussed some time ago here: http://investorshub.advfn.com/boards/replies.aspx?msg=123258732

Here is a link to the proposed rules:
https://www.sec.gov/rules/proposed/2016/33-10098.pdf