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Posted On: 04/27/2020 9:15:19 AM
Post# of 2062
Re: garygoldbug #1104
Excellent assay results. I averaged the ten samples and get average of 6.17 grams per ton.
Those are excellent grades for any mine in the area. I used only the original value for Sample M-1 where the assay was repeated. Very minor diff if the lower, repeated test value had been used.
Always good to read the releases several times to tease some other info out. I infer the mine is operating from the wording. Employees are now being granted a stock incentive in addition to hourly pay. The fact they are willing to accept stock indicates they have faith in the mine and in Paul Thompson - at least i read it that way.
Doesn't state specifically that the conversion selling has concluded for the two March loans but it's implied and we'll know that later today by the trading action.
i like everything I see in this PR - still no production guidance but if those grades are on the pad and we recover 80 to 90% there will be gold, the mine will operate profitably with excess for development. This is a bootstrap operation so more equipment, larger crew, upgrades to everything will flow from cash generated by the mine.
Proof will come when we do get some revenue numbers. The next Quarterly (Jan, Feb, Mar) is combined with the Annual and out in mid July The 2nd quarter (Apr, May, Jun) should be the much better report from higher grade ore loading now as shown in this Assay Report. Hope we know sooner but that filing will be out in August I believe. I think company will release some favorable news well before that.
Thanks to GGB for the first hand accounts from his visits to the the mine site and conversations with people who know the facts. . Thanks to all who've stayed the course and supported this endeavor over the long haul and the short haul. We begin the day at 0.0023. I feel today is a turnaround day for Mexus and its share price.
Paul Thompson's 79th birthday in Thursday May 1st. The assay report gives him and us something to smile about. Happy Birthday to the CEO.
rjw/mkc
Those are excellent grades for any mine in the area. I used only the original value for Sample M-1 where the assay was repeated. Very minor diff if the lower, repeated test value had been used.
Always good to read the releases several times to tease some other info out. I infer the mine is operating from the wording. Employees are now being granted a stock incentive in addition to hourly pay. The fact they are willing to accept stock indicates they have faith in the mine and in Paul Thompson - at least i read it that way.
Doesn't state specifically that the conversion selling has concluded for the two March loans but it's implied and we'll know that later today by the trading action.
i like everything I see in this PR - still no production guidance but if those grades are on the pad and we recover 80 to 90% there will be gold, the mine will operate profitably with excess for development. This is a bootstrap operation so more equipment, larger crew, upgrades to everything will flow from cash generated by the mine.
Proof will come when we do get some revenue numbers. The next Quarterly (Jan, Feb, Mar) is combined with the Annual and out in mid July The 2nd quarter (Apr, May, Jun) should be the much better report from higher grade ore loading now as shown in this Assay Report. Hope we know sooner but that filing will be out in August I believe. I think company will release some favorable news well before that.
Thanks to GGB for the first hand accounts from his visits to the the mine site and conversations with people who know the facts. . Thanks to all who've stayed the course and supported this endeavor over the long haul and the short haul. We begin the day at 0.0023. I feel today is a turnaround day for Mexus and its share price.
Paul Thompson's 79th birthday in Thursday May 1st. The assay report gives him and us something to smile about. Happy Birthday to the CEO.
rjw/mkc
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