Replies to post #107677 on MMEX Resources Corp (MMEX)

[jmjjw]

Should MMEX investors, and the market ignore the fact that at best, Mad J.'s statement is misleading, bordering on an outright lie?

First and foremost, MMEX could not produce a single droplet of "product" suitable for use in Mexico - the proposed Phase I project has no capability to produce transportation grade fuel suitable for use in either Mexico, or the U.S.

Second, the rail line southwest of the site, toward Fort Stockton is not suited for use a track speed greater than 10mph, and based on USDOT/FRA regulations, can't move hazardous liquid, due to its poor condition.

Third, the line further southwest of Fort Stockton, toward Alpine, Presidio, and the border is virtually impassible southwest of Nopal Road in Presidio County.

Fourth, there is no rail bridge at the border crossing near Presidio. While plans are to improve the track, and reconstruct the international crossing, they are still tens of millions short of funds, and years away from this - these projects have still not even gotten underway.

So Mad J.'s claims regarding Mexico are at absolute best "forward looking statements," in Mad J./MMEX-speak, utter, total B.S.

Moving refined hydrocarbons northeast is equally problematic - the rail line has no hazardous liquid cert, and is in such disrepair it will take tens of millions more dollars to rehabilitate it. The trans-shipment problem, and interconnect to rail lines that could move product to the coastal bend region would be expensive, and pipeline capacity greatly outstripping rail capacity, and an order of magnitude more economical will be in place before Texas-Pacifico ever completes the rehab. So, another lie. The first quarter of 2019 is rapidly approaching, and MMEX has no funding to do any of this work, so more misleading statements.

MMEX is simply a (bad, very (5X) bad) joke.

Don't forget this little tidbit..."We're fortunate to have the railroad transverse our property," he said of the spur of the Texas Pacifico railroad situated near the refinery site that can move product into western Mexico or east to be offloaded onto a Burlington Northern train headed east to the Gulf Coast. It can be built rather quickly and could be in operation in the first quarter of 2019, he said. The storage tanks are already permitted. Projected crude volumes would be around 400,000 barrels per month.