Replies to post #38033 on Mexus Gold US (MXSG)

[bobbyinredwood]

Smart. Some things to remember here are even though there’s a high number of outstanding shares the actual float is very small and probably in the 300-500m range. Makes for some interesting trading when people in the sidelines start to buy. Should be more buyers here shortly with revenue growing monthly.
Good luck! Be sure to read WXDog, TMlonggun and 8thaeros posts. All legitimate Knowledgeable people that have skin in the game.

[gitreal]

Since you are new to Mexus, and seem to have concluded that they are not garbage and "worth the risk", here's part of a PR from May 2016:

MarMar Holdings is owned by Marco Martinez of Monterrey, Mexico. Mr Martinez has over 40 years of experience in mining including work done at Penoles’ La Herradura open pit mine. MarMar has an extensive staff including lawyers, certified geologists, engineers, equipment operators and general labor to work the Santa Elena mine. In addition, MarMar owns equipment capable of moving up to 100,000 tons of ore a day. Certified Geologists from MarMar are already working the property and have identified additional ore bodies. The company is bringing in a blast hole drill and will do the initial shoot when ready. Initially, Mexus had planned to do a test 10,000 ton heap leach pad. This agreement changes the plan and will allow the heap leach pads and ponds to be built much larger.

Added Mexus CEO Paul Thompson, “The scale and scope that MarMar brings to this project will allow the mine to be built out much larger and much faster than we had planned. This is a great fit for Mexus and a win for our shareholders. Marco’s knowledge and experience with large mines will prove invaluable as we move forward. Between our geologist, Cesar Lemas, and MarMars’ certified geologist we’ve identified over 1,000,000 tons of mineralized material with an average value of 1.5 gram AU per ton. This material sits at the surface with an initial mining depth of 3 meters and no overburden. We know that this properties value goes much deeper than that. In addition, the certified geologists will begin a drill program that will be the basis of creating an NI 43-101. Our goal is to mirror what Penoles did just 30km south of our property and create a world class mine that will produce gold for years to come.”

MarMar was also supposed to be funding the mine development, and all Mexus had to do was sit back and count the gold bars. Do you know what happened after all that high praise of MarMar? Do you want more details? I'd say go look it all up in the 43-101 report.....but alas, there is no such report.

As for the million tons at 1.5 g/ton....the SEC ordered Mexus to cease and desist spouting unsubstantiated tonnage and grade figures. It has just gone downhill from there.

[ShellCompany3]

If you are looking for a legitimate mining company, this is not your stock. Can you make money on this stock? Possibly. But, just know that Mexus is a complete fraud. This has been proven over and over again for years. Their 10-K will be filed soon and it will prove once again that they lie all of the time in their PR’s.

Steer clear! Mexus is a scam!