Great discerning post
“The placer should be in operation soon, bringing in, we’ll say, $50,000/week on average. That will fund the beginning of building the MC setup. You can move a lot of dirt for $50K. In March, Atzec and company should come up with $4,000,000…in cash. That’s enough to develop everything. The tax money you memtioned is about another 1/2 mil. ”
BUT!! placer will FIRST fund the high grade Julio 2 shaft and MILLING that will fund the heap leach and is exactly what some smaller than 50% the JV bargaining offers for around $5-7 mil upfront , not mess around cash. And yes, difference is about 3 months time. If he gives it away for less than true value for just 90 days start? I’ll jump him 1st! 8
Today at 11:44 AM
“Here’s to a Happy New Year for MEXUS. I finished up buying what I wanted today. Hope you are having a good holiday. Cold and drafty here in SoCal.
Whats your feeling about which would be best for MEXUS, going it alone, or with a partner?? I have mixed emotions about it. I guess having a name partner would give us a lot of credence in the mining world where as going it alone could reap a lot more profit assuming PT can make it all work.”
Today at 12:49 PM
Best is a name partner to be up running ASAP and go alone on other projects. with no more cheap dilution needed. Test mining milling shaft while a drill program’s funded much like I just posted about Goldgroup’s Cerro Prieto off to E on Mex 2 100 miles.
Nice being home as fun gets a bit old with own getting older. Turns into best luxury of all is own bed and home cooking. Let’s get 2015 going. Great PPS for truck backed up and loading!
Q&As
“Forgive me my stupidity now, but if a deal does not happen, what options does Maxus have? Can they go at it alonbe? I mean, they have very Little money. Is a costly PP needed? I hear they have gotten tax money back but I doubt that will cover mine start up.Any Words of wisdom are much appreciated.”
Restart of the placer was felt demanded mostly due to slowness in dealings. Does 2 things , provides about 5 oz , $6K daily cash to keep lights on and demos own endless nugget and fine gold supply any JV can’t even bid on since between B family and Mexus. Means about 5 sq miles (2k hectares) valley stock zone down to bedrock for scoop and wash. Have to navigate that to enter shear zone and the 5/6, to Km long veins.
OK, tax refund in hand and payroll and diesel met with placer, we know B brothers chomping to develop Julio 2 plus higher assay above ground veins they’ve lived with and artisan mined ALL their life. It’s not only Paul that is holding for a real deal when they’ve been refusing low ball stuff last decade since Sonora boom began. VP Julio WORKED as geologist for AuRico and fired as would not gave family rancho away leading to Mexus offer accepted. Paul has REAL cred in Caborca. Believe it! Entire San Felix Key Stone Kops comedy proved that Atzek wanted that property and WILL pay Mexus in March.
Now we apply for blast permit to work beyond enormous above ground laying around stuff and start the shaft development down up and out. Every time I have been there he’d have us grab some rocks near quartz veins surfacing up to crest , take back to grind and pan gold! Be confidant any visitor’s done the same and sampled deep as well..
So? Mid-March is 2 1/2 mo away and lots of stuff to occupy that time which would be required WITH a major in tow. Realize dumb EOY tax sale .025 PPS is near 1/4 mil shares every $6K traded? Jan alone needs 7 million PP issued to replace day’s placer $6K cash. Placer will run Jan on. Feb passes doing stuff needed like blast approval and PRESTO…. MARCH blows in like a lion. Recall he took on Rancho in Mar 2011 and 4 years is still light speed in mining. Were PT a big Toronto magnate or a Denver gold board brahmin raising $ ‘d be lots easier. BUT probably 5 times the cost he’ll need to do it with . Meantime back at rancho gold sits and as all ancient eons? Waits. 8