This discussion has been about the number PT stated in a PR.
Number? Nope, he has stated several different numbers for cost per ounce, depending on the direction the wind is blowing. All garbage. And could probably be considered fraudulent as well.....but I'll leave that up to any class action lawsuits that come out of this mess.
That was not an all in inclusive cost per ounce.... They are "Facts not relevant or essential to the matter at hand."
First, the distinction that the number PT provided wasn't an all in unclusive number was not inferred or implied in any of the PRs. But for the sake of continued discussion I'll yield that point.
If your theory is true, then the number PT is using is based on variable cost only (cost like fuel, labor, chemicals etc.).
So far Mexus has not demonstrated it has a clear and consistent method to produce gold. The company has dabbled in a little bit of leaching with electrowining, then Merrill Crowe, then both, then a ball mill and finally a washer plant.
The leaching process has been hindered by too much salt, so the company has no idea how much cyianide should be used for leaching, how many gpt it can consistently expect to see returned during a leaching process (without issues of salt contamination) nor if it is able to recover with the MC alone, electrowining alone, or if both systems are needed.
In other words Meus does not have a defined production process that is in place with any kind of consistencey. It has no idea how many g/pt it can expect to leach (the assay amounts thrown around are inconsitent and dependent on the ore material being processed), so it has no idea how many tons of material needs to be moved or processed to get 1 oz of gold, yet it can estimate how much chemical, carbon filters, labor, and fuel it will take to produce an ounce of gold.
Guess those kinds of facts are "irrelevant and immaterial" too.
Counselor Mason then noted Paul Drake signaling from front row and asked for short recess conference with his lead detective.
"Perry, object with incompetent, irrelevant and immaterial to the case". Drake handed him this World Gold Council press release which Mason quickly read.
Mason: "Judge Jeanine, please enter this into the record and order dismissal on all charges. This is a WGC official NON GAAP advisory volunteer only non required metric. SEC as, WGC member only, reserve is a non matter. As a test m1mer new operation it gits even deeper into NON GAAP metrics best as yon can provide in all SEC accepted filings".
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