Are you referring to the 3 B’s ? Lol As for Mar
Post# of 2063
(Total Views: 197)
Posted On: 07/10/2019 10:26:27 PM
Are you referring to the 3 B’s ? Lol
As for MarMar, he was made the fall guy, and maybe deservedly so, but if he had of been properly vetted at the start, that whole debacle could have been avoided. Also, there were other supposed experts on site such as Lemas, and the highly touted world renowned and never heard from again leach expert, Robert Garcia.
The new chemist’s skill level will be evident in a few more weeks. We shall see. Keeping Fingers crossed.
Just speculation on my part, but at current gold prices, less operating costs per ounce going forward, I figure with a wild ass guess that it’s going to take roughly 2000 ounces of gold just to to cover current outstanding debts with due dates by next spring. If the excerpt from the following PR proves out, then none of this should be a problem. However, that’s going to require some cash to implement which mean they have to prove that significant gold is there and can be recovered in the first couple of pours, because that gold will be needed to fund continuing operations.
From June 27th PR. “The initial material being leached is existing shear zone lower grade material averaging 1.8 g/t gold and 8 g/t silver. This material was mined while the Julio vein was being drilled and prepped for blasting. (Julio vein ore material is averaging 4 g/t gold and 12 g/t silver).
Once started, leaching will be continuous with new ore being added weekly at the higher grades noted. This continued production will give Mexus the necessary cash flow to increase and improve production without incurring additional debt. The projection is for Mexus to be mining 3500 tons per week of the higher-grade Julio Vein ore by September 2019. “With 1 g/t gold recovery we hope to produce 5,800 oz. gold and 35,000 oz. silver. The Julio vein ore is expected to produce a much higher yield of gold and silver which would substantially increase these figures.” added Mexus CEO Paul Thompson. “
As for MarMar, he was made the fall guy, and maybe deservedly so, but if he had of been properly vetted at the start, that whole debacle could have been avoided. Also, there were other supposed experts on site such as Lemas, and the highly touted world renowned and never heard from again leach expert, Robert Garcia.
The new chemist’s skill level will be evident in a few more weeks. We shall see. Keeping Fingers crossed.
Just speculation on my part, but at current gold prices, less operating costs per ounce going forward, I figure with a wild ass guess that it’s going to take roughly 2000 ounces of gold just to to cover current outstanding debts with due dates by next spring. If the excerpt from the following PR proves out, then none of this should be a problem. However, that’s going to require some cash to implement which mean they have to prove that significant gold is there and can be recovered in the first couple of pours, because that gold will be needed to fund continuing operations.
From June 27th PR. “The initial material being leached is existing shear zone lower grade material averaging 1.8 g/t gold and 8 g/t silver. This material was mined while the Julio vein was being drilled and prepped for blasting. (Julio vein ore material is averaging 4 g/t gold and 12 g/t silver).
Once started, leaching will be continuous with new ore being added weekly at the higher grades noted. This continued production will give Mexus the necessary cash flow to increase and improve production without incurring additional debt. The projection is for Mexus to be mining 3500 tons per week of the higher-grade Julio Vein ore by September 2019. “With 1 g/t gold recovery we hope to produce 5,800 oz. gold and 35,000 oz. silver. The Julio vein ore is expected to produce a much higher yield of gold and silver which would substantially increase these figures.” added Mexus CEO Paul Thompson. “
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