Replies to post #45525 on Mexus Gold US (MXSG)

[1manband]

What Mexus has proven is that the gold is NOT ECONOMIC to produce.

Gold is not rare. It occurs everywhere. What is rare is being able to mine the gold at a profit.

There are known gold deposits all over the world. The Western US alone has thousands of known gold occurrences. Anyone can pick them up for literally nothing, as they have been proven to be uneconomic. They have no value.

That is why gold is $1800 an ounce.

[gitreal]

why does gold have to be produced ?

If they could produce gold at a profit, they'd be mining/producing right now. They're not, so the logical conclusion is that they cannot produce at a profit. $38 million down the tubes.

I wonder what those 2 previous joint ventures saw?

We know what they saw. Argo saw a sub-economic property that was not worth any more expenditure of funds. The drill results sucked.

As for MarMar, they saw an easy mark, someone (PT and his investors) that they could take advantage of and maybe pay off a few debts.