Replies to post #17221 on Mexus Gold US (MXSG)

[insince2011]

Yep, I don't care what "they' call the process of digging gold out of the ground and selling it for cash. I call it profit in my pocket as the share price rises. They can call it exploration or harvesting worm leavings as long as it moves the stock price.....and it will.

[rbtree]

I never said they wouldn't pour gold. I did say that there would be delays. I didn't expect them to last this long. Of course, that message was denigrated, time and time again.

I also said the grades wouldn't be great. That remains to be seen, of course. We still don't know if the initial pour will end up being at the 1.2 gpt number, or even 0.9 or so, since the numbers were thrown around weeks if not months ago, and still no resolution. Yeah, yeah, yeah, they're still "fine-tuning".

There is also much doubt as what grades will be like when they are mining the general area, and away from any veins or enriched areas. No one can say for sure, since there has been no drilling on tight centers, but the holes that were drilled showed, for the entire length of each shaft, and not just the mineralized sections, piss poor grade... I believe there was a rough estimate of 0.4 grams per ton, at best. And the average for the core sections that were showing gold was well under 0.7 gpt.

Since most of the property is not vein laden, there is no way to know if the entire project will prove viable--other than "seat of the pants" hopeful projections. Granted, the eyes on the ground seem to think it's worth going after.

Time will tell.