“most undervalued mining company” ? Mr Berk likely knows stuff that we don’t , but the market response was cool to that interview . Until Mexus either produces a report based on recent drilling showing there is significant mineable gold on Elena, or can show they are capable of successfully mining more than a few ounces , I don’t see anything changing with the pps in the short term.
In my opinion, and it’s just an opinion, Mexus is broke and likely needs somewhere between $200,000- $500,000 to cover overhead, equipment, blasting costs, cyanide, manpower, fuel, experts, consultants , and everything else needed to properly get Elena up and running again, as long as they don’t have to purchase any heavy equipment. Not the half ass job that MarMar did the first time. Maybe some of that has already been raised.
Do they strip the old pad and rebuild it, or start a new pad right beside it? A new one would be cheaper to build. Do they have any equipment? Do they have a crusher? Not sure the ore was crushed fine enough last time. What shape is the amazing rich pregnant pond in? Does it need to be drained and or scraped? Is it still full of liquid Or evaporated ? If the chemical mixture was wrong which prevented them from recovering the gold from it last time, it wouldn’t make much sense to continue draining the liquid from the new pad into it.
Maybe that’s where Itronics could help. If they successfully cleaned the Truckee river, maybe they can clean what’s left in the pond , be it liquid, sludge, or solid residue, and recover all that gold. What about the big tub of sludge from last time. Maybe itronics should take a crack at it.
Once the pad and the pond are good to go, they already have the plant in place, so maybe things will work out this time.
Time will tell.
Mexus has a 10Q due next Friday. Maybe it will shed light on things.
Anyone who has any opinions or just wants to weigh in, feel free to do so. Everyone is welcome to post here, and investors hangout boards typically only remove posts attacking other posters.