Reply to a post from another boar, re. an old Mexus interview
That was quite a blast from the past Mahatmapaul .
Pretty much everything turned out to be the opposite of what he said.
Quote” Mr. Paul Thompson: Yeah. We have a lot of true Mexus supporters. A lot of people have been with us from the beginning, and they understand and appreciate what we're doing by not going out and borrowing millions of dollars, as some companies do. We've been offered all kinds of wild financing options. It's just not the right thing for Mexus to do, and we don't need it. Quite truthfully, with MarMar out front and quickly putting San Elena into production, our cost is $35,000 a month. It's nothing. The costs of producing an ounce of gold at the San Elena will be $450 an ounce.”
What a steaming pile of horseshit! He knew when he did that interview, that Mexus was already blowing through hundreds of thousands of dollars per month.
They averaged operating expenses of approx
$259K per month for Fiscal year 2018
$271K per month for Fiscal year 2017, and
$145.8K per month for Fiscal year 2016
And he was going out and borrowing $Millions of dollars at toxic rates, even after saying he wouldn’t do it anymore.
Consulting Services 2016 $592K
Consulting Services 2017 $1.8 million
Consulting Services 2018 $1.3 million
General and Administrative 2016 $738K
General and Administrative 2017 $845K
General and Administrative 2018 $972K
Ridiculously high numbers for such an operation.
It’s sad that some are so blind to the truth that you get attacked on the private Mexus board for posting facts here.
That was quite a blast from the past Mahatmapaul .
Pretty much everything turned out to be the opposite of what he said.
Quote” Mr. Paul Thompson: Yeah. We have a lot of true Mexus supporters. A lot of people have been with us from the beginning, and they understand and appreciate what we're doing by not going out and borrowing millions of dollars, as some companies do. We've been offered all kinds of wild financing options. It's just not the right thing for Mexus to do, and we don't need it. Quite truthfully, with MarMar out front and quickly putting San Elena into production, our cost is $35,000 a month. It's nothing. The costs of producing an ounce of gold at the San Elena will be $450 an ounce.”
What a steaming pile of horseshit! He knew when he did that interview, that Mexus was already blowing through hundreds of thousands of dollars per month.
They averaged operating expenses of approx
$259K per month for Fiscal year 2018
$271K per month for Fiscal year 2017, and
$145.8K per month for Fiscal year 2016
And he was going out and borrowing $Millions of dollars at toxic rates, even after saying he wouldn’t do it anymore.
Consulting Services 2016 $592K
Consulting Services 2017 $1.8 million
Consulting Services 2018 $1.3 million
General and Administrative 2016 $738K
General and Administrative 2017 $845K
General and Administrative 2018 $972K
Ridiculously high numbers for such an operation.
It’s sad that some are so blind to the truth that you get attacked on the private Mexus board for posting facts here.
