PT has never  run the placer recovery unless  happens to be  there  at  crew cleanout helping  out Momo and  crew.  He got it up in place and running in particular  equipment  allowed  to expedite  cross  the  border   and then left to attend  Mexus   business and own projects from office  which is  at home.  Some  of his own may bring  him in a  few bucks  between  what’s done  for the  general good.  He  says 5-6 oz running  well?  Knows  better than anyone  what’s  capable  and what’s  available.  I’d  like  8-10  much better  but  it  goes  with the  flow in and out. Is for sure  will improve over time  as  waste  efforts  trimmed.  Under the 30 year mine permit   current  environmental  use both the placer and mill site are  really  co-located and  foot print   of operation  runs from Stock work zone ore   to the Julio 2 which supply  both.  Have been told  all along  additional  well  to operate  the more  distant   leach and  M-C plant  is not  expected to be  difficult  but  since the  additions  are not yet even planned with JV agreement  unacceptable that’s  a  matter  for when it’s needed after  the one permit required , explosive  storage,  is in hand.  We do know  Sonora  State and  Caborca local  government  really  want Mexus  to succeed  as  proven honest  dealers  in all past experience.

Most10Q  stuff  already known but  this  seems to say  sale is  already in some area  default. 1,666,000  shares  not  in hand.  Actually  appears there may be  no  shares to  issue after   10-1 consolidation   a time back.  Still  seems no actual date  other  than  Mar  24  with the $4 mil valued $96,150  Atzek  JV must  come up with.  Rather small in compare and  already  valued   about  $50K in   non trading  Silver Pursuit.  Still he  says he  expects  to collect on  demand.  Quite an if but  will see in  34 days.  No real concern IF Atzec wants it  as much as for  the last  decade of  trying  to acquire. One  whole year  to prepare does seem sufficient and  Mexus  has had  no real time involved  spending  it on where the  good  money is involved  at   Caborca instead.  But can hear the  whiners  in  the  background… “We’re DOOMED!” A point to  see  PPS increase  will become  confidence  in  halt loss  of  3 cents a share to a slight  placer positive  and  with  underground  already use   permitted and  blast OK’d  earning  about  4 cents shaft  metal  instead.

“As of December 31, 2014 the Company has not been successful in obtaining the shares we were to receive, accordingly we have recorded an impairment of $96,150 to fully impaired the value of the investment as it is uncertain if the Company will be able to obtain such shares.”

Trading  still halted since  Feb 4 and  there’s  no mention of Mexus, Atzek or San Felix  as  properties in any filings.  Annual meet April 8 in  Vancouver. Perhaps  will be  some item  of  discussion  about  payment  of  $4 million due 2 weeks earlier?   Again our  10Q says  sale  was to Atzek and perhaps  Silver Pursuit aint  aware they have a  partner? Silent  Sam in  the back row.

“Mexus-Trinidad Joint Venture

In March, 2014, we sold our 50% interest in the Joint Venture to Atzek Mineral S.A. de C.V.”

Meat of the  10Q is

“Therefore, our goal for the current year is to increase the cash flow of the placer mining operation, continue the drilling program which begun during 2011, initialize mining operations on the Julio quartz deposit while we conduct a thorough geological study by an independent geological firm of the future potential of other vein deposits located near the Julio deposit.” 8

http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00008641

Caught  him in  Carson  City. Does move  around! Left  Caborca  placer  doing  very  well and  Julio back and  forth Mexico City on  the  explosives  application.  Sees no obstacle there and  active in seeking a  underground  crew  still expecting  a  JV  in shaft.

Reason in  NV is   Story  Cnty sesquicentennial  (   1864 statehood) still doing  stuff  from last Oct admission date. want to use  restored  1860s  stamp mill in  Va  City  he and  Scott Jolcover own for  tourist  tours  on   RR  up from Mound House  station.  Any  Louts  don’t know  esteem he’s held in  Comstock  are  true fools.  I’ve  met and  worked  with  a lot of good men , Curt Lemay, Chuck Yeager, old  Salinas friend Ev Alvarez,  real heros  and  PT’s a top in my book  ever. Best  can ever  truly say is ” I’ll fly  his  wing and  he can fly mine!”

Still  no N Pacific 20′ box  in  from Oakland  but  quickly as,  PT Jr  will load all necessaries ( 50K#)  and move on up for  summer  Nome  season  start. Me? Feel like be   getting  there  by Iditarod dog sled  Aug 25th. Mush on! 8

https://www.google.com/search?q=Iditarod+sled+mush+on&rlz=1T4GUEA_enUS603US603&tbm=isch&tbo=u&source=univ&sa=X&ei=Y7HlVLC9K4ibNuLsgoAI&ved=0CDcQsAQ&biw=1600&bih=674

http://www.historynet.com/interview-everett-alvarez-a-vietnam-pow-for-the-duration.htm

Correct  placer  grade  was .042 oz/ton  and  worked  up from 2400  month to year later  9300 on fast  track.   Be  about  142 tons to do 6 oz daily.  12 2 ton scoops  an hr  12 hr  shift or every 5 min in hopper.

As to what it takes  for a   small miner to GAIN a whole .58 cent  over  4 days ?

Blithering  dumb  idiots  to shut up and  let  the CEO do what’s needed while  pouring out more pure info than any other  possible  sub-3 cent  share at  next to zero cost to their  dumb wallets… free gratis. But they blather  on. Real Oompa lumpas.

Placer  PR hit  Kitco at noon.  Good timing on  market  reopening .  Rub sleep out of  eyes and  trade  some.

http://globenewswire.com/news-release/2015/02/17/706872/10120476/en/Mexus-Gold-US-Placer-Operation-Update.html

Initial  set up  Sept  2011 visit Tom and I saw  the old,  really  dusty,  trommel  rotating   tube wash plant    hooked  up  to old  generator as initial production.   Good  well  had been  drilled since  Rancho contracted  in March  and  sufficient   for  both  mill later  set in place and   vibrating  screen wash plant installed   for doing  more  with less mess.  All centered on  the  2   small concrete farm ponds  long in place used at no cost.   Constant need  for  sand clean out  and  sand pump use to clean  wash water both mill and  screen.

Basis is  the  really  enormous  alluvial  quartz stockwork zone  in lower  valley while not  high grade per ton is  ALL  in 92% pure  gold   nugget and  fine  powder  like instant  cash in hand.  If  that  was  the  sole  resource  many miners  would  simply  grow it  huge and  run for years on smaller profits costing  $1K daily. But  Mexus  has much  greater  resources   just a  bit  more  up the valley  running  kilometers  SW to NE  to   heights of  property  boundary  and  buried  there  to undrilled  depths.   All means  there’s  now a near endless  trickle of  operating  cash again daily of  some  $5-8K  to pay the bills and  we’ve managed  it  still on the  75-25 Mexus/Family  split our  cash and their efforts. Original agreement  was  55-45%  before  decision  to expand  and  relocate.  It’s hard  to find  the  figures but   are my best  recall.  Onward and  upward applies.

Reply:

San Felix did no placer with large silver poured from a much larger % dissemination in the blasted low assay vein ore crushed and leached. Stockwork zone ore has the silver contained as the 8% impurities of base metals and silver near oxidized all away over the eons near surface flowing down from veins and shallow fault shear zone. Easy enough to extract near 100% with simple wash and gravity spin black sand. Reason much as you want comes at less than an oz gold cost so labor of a dedicated crew is the real cost. Added labor and lesser extraction of leach and M/C process allow them to simply keep dumping placer dirt and rock in the chute for great purity at small total fee. Was no good reason to pay for it set up anew until it became necessary and got done REALLY rapidly mine life wise from mostly right here.  It will be  test shaken down as  a new  screen needing  tweeking for water flow, ore loading  and  shaking mvts  with  collection baffles etc.    Initial  PM recovery  done  during  crew off time  will get that all done  and then   keep pouring in the  dirt until shut  down for  clean out shift  after  shift .  8

“The Noche Buena project consists of two separate mining concessions comprising approximately 1,000 hectares which expire in 2052. Access to the concessions has been granted to Seabridge by the surface owner. The project is accessed by way of Mexico paved Highway #2 between Caborca and Sonoyta, Mexico and then by a 27 kilometer dirt road directly to the site”

http://seabridgegold.net/News/Article/70/seabridge-to-acquire-noche-buena-gold-project

“The Caborca Project consists of 7,400 acres (3,000 hectares). On or about July 11, 2011, we acquired five additional claims surrounding the Caborca Project consisting of approximately 1,000 additional acres.”  Makes  about 3,400 ha  or  3.4 times  sized.

Oct  ’12  report  was surface samples  with no serious  lab drill assays which should be  included now  in  Fresnillo’s  DD as they were  made available as  cores  logged around  100-200′ max  .  I’d fail to see how  they’d  not take  the  trouble  to have them checked  closely if  a  serious  attempt  made  to reach any  deal.  I know PT did not  bruise any  egos taking all that time to let them eval  thoroughly while  everybody  bitched over inactivity even though placer  was  constantly  being  relocated same  period as blast  permit  submitted . As  a much bigger,  better sited  process is not about to do same 2 oz   daily. Would  still make sense for  them to  join on  but  after spending  own resources  to  set up the resource  drilling and process that  nag’s left the  barn. Will be using  same Mex Highway 2  for  decades, wave on  way to the bank  (Sound of  one hand holding for atheists   in the fox hole).

Best I’m  aware  PT’s always   crossed T’s and dotted I’s but NEVER enough  so one needs to stop attacking normalcy.

Link reference   got  a little distant using Carl Sandburg’s  elderly  next  door neighbor,    Julia  Abigail  Fletcher Carney’s, “Little  drops of  water, little  grains of  sand” etc… Nothing  big’s  done at once. Granny was  a Fletcher,  a  Texas  rancher’s   daughter and Grandpa was  1/4  Cherokee   Indian Territory, Ashley, cotton farmer.  Edited  it out  but love  the  hoe down song.

Negotiations with  “Canadian  Miner”   were  not continued  after  Aug  25 PR,  a prospective  “Major Miner”  we know for  certain was Fresnillo   came under consideration Oct 17th PR.  Were allowed on site to survey, map and  sample  with  agreement they would  release  their  Due Diligence  findings.  Mexus  was keeping options  open  with discussions  with other miners said now still ongoing.  We know  the When,  Jan 26th,  with the If,  a  rejection of the inadequate offer by  Fresnillo.    Based on what I think I see hearing ( hear  seeing?)  it  was the  ability to tie  up development more than  financial consideration although may be  both, caused   the  fall through  but may never  actually  know the total offer of  a  rejected full  JV  operation.  Doing business  will mean many  decisions seen  possible but  very  few actually completed as a  that’s that; finite.  Next….? 8

Deb called with  she  said good news. Cert issue  caught  up and I’ve  4  in mail  and  now the  next one eventually.  Added, “Oh yes  the placer is  on line running” .  I said,  “Keep out  $1200 and send me the  1st oz! And  take Monday off! 8

I think most will find  insanity is posting  the exact thing  same  things for years  as events constantly   evolve. It  begins  with knowing  nothing  and  proving  that truth  over and over.  Rogers  has  you pegged as not gonna  succeed.  Find ANYTHING you know SOMETHING about  and  make a  start there.  Me?  Just funded placer  whilst  you blabbered on.

Tough to form a  winning hand with never  a value  card  shown.   Made a  decent  career 60 years  being  oddly  funny. But  thanks  for  stopping by  with a  cheerful word.  Take  the  advice  of  Jimmy  Rogers. JR: I was quite serious when I said, “Don’t listen to me or anybody else.” I want to talk just about me to make people go broke. If you take your advice from other people you’re probably not going to succeed whether as an investor, a writer, or anything else. What you need to do is figure out your own passion, your own knowledge. If you’re an investor figure out what you know a lot about and find investment there. You’re already ahead of most of us because you’re very passionate about the subject. You’ve probably read about it or watch it on TV, the internet, whatever. That’s the way you’re going to find the most successful investment rather than listening to me or anybody else, and likewise they’re not. ”   Jimmy says, ” sugar ( not exactly  like  60% gold) is down 75%, or more than 75% from its all time high. I mean that doesn’t mean it’s going to go up. That doesn’t mean it’s going to go down another 50%, but it does mean it’s not— like it’s not in a bubble. That’s for sure. ”

Passion is NOT  luke  warm spit! Cheer up the  sun is  red! Crosby  Bash PGA Open is  on now.  My  youth  world  came to Monterey  Bay  once    a year. Bit later  Laguna  Seco  took over  Pebble  Beach races.  and  now rises and fades.  Just prior to  own deployment USS Pueblo Crisis 6 mo TDY   in  May 1968 took nephew  Mike  Murray   and  drove  circuit (slowly ,  grandly waving ) in  my new 1968 soft  window  911L. Found out  while  I was  in Itazuke AB    May- Dec on  N Korean Alert  launch duty Mike  took  the  Porsche  and  tooled  over  to the  Road  track to impresss the  high school honeys.  Next  Spring  was in   a tank  outfit at Kirchgoens  Germany.  Never blamed  him that.   8

http://www.kitco.com/ind/Radio/2015-02-11-Palisade-Radio-Jim-Rogers-Gold-Correction-to-Continue-Into-2015.html

Good  advice is never marry  a stock but  when a divorce is much more  expensive?  Old  lady  aint looking  so bad and  kids already  living in  the basement paneled den. How to cut back on food stamps?     Even better  advice is  make  sure you live through it on what  you once had and never risked.  Worse things in life than paying off the mortgage  again! Suck in that ever lowering  chest  and  just hang in! BTW,  paragraph MEANS if  you  can’t  afford the risk at all?    constant   bitching  about  your  enormous loss simply  indicates lack of investment   maturity.  But  we  knew that.   When the  very  week’s activities  starts a  road back other wisers strongly  support?  Dumbness involved   becomes  rather  glaring least  from their  vantage.  Pretty clear Q&A’s  were  well covered  here.  No drilling  allowed  or took place  but  what  was  made  available  for their consideration  will be  posted for   us in time.  Placer  funds were  from long  standing  supporters starting  right here and  running  ASAP.

Not  exactly:  Tom and Dana’s Phillips  Associates  Realtors  is doing  multi million dollar  business   2 houses down cross street. Her sis  Stacie runs the office  where  Jordan  helps out  but has  own 3 BR closer to UTSA finishing  Jr  year.  Gold  sucks now  but  Alamo Ranch  area  is hottest  home  market even in  Texas..  Must  say Gold  Bull since  2001  got them the  grubstake to go it alone. Full expect  is the  second  run up will do even more soon.  Buy select not choice nor prime daily  need  always  wise move  anyway.  Always  felt marbling  was best  at  6th grade recess! Baby’s way you  do it up right and not the age.

“Recovering from a bout with the flu bug and I have never had anything like it.  I never felt too bad, but I got congested and I still cannot get rid of the congestion even after one month.

“From what I’ve  read on your blog the placer should be starting up
shortly.  The $4M from sale of previous property should cover costs for running  the mill once the blast permit is acquired, yes?”

Got him eating tacos in town. Marvelous log hut  joint there.   Heavy  for him who likes  soup or  Chinese.  Finished   setting  up the placer replacement  operation  all completed  now awaits next  week’s  generator  supply  for loading  and  screening   current  and  pumping.  Some  results  will come  from the  next 10 day crew shift clean out. Simplest he  can say is, “There  will be  scheduled  demand on the  24th  contract due  date  and his own plan is there will be payment as  scheduled “.

“Walks  like  a duck, “Sold 50 shares”, “The sale of Mexus Enterprises S.A. de C.V.”

Note  4.  Discontinued Operations

“On March 24, 2014, the Company resigned as the operator of the Joint Venture with Minerals La Negra S. de R.L. de C.V. and Trinidad Pacifica S. de R.L. de C.V. and “SOLD” 50 shares of the minimum fixed capital stock of Mexus Enterprises S.A. de C.V. to First Pursuit Silver de Mexico S. de R.L. de C.V. for the following consideration:

The “SALE” of Mexus Enterprises S.A. de C.V. met the criteria for being reported as a discontinued operation and has been segregated from continuing operations for all periods presented.

The following table summarizes the results from discontinued operations:”

“In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Mexus Gold US (An Exploration Stage Company) as of March 31, 2014 and 2013, and the related consolidated statements of operations and comprehensive loss, stockholders’ equity and cash flows for each of the years then ended and for the period from exploration stage re-entry (September 18, 2009) through March 31, 2014 in conformity with accounting principles generally accepted in the United States of America.

./s/ De Joya Griffith, LLC

Henderson, Nevada

July 11, 2014″

Auditors   believe Mexus  reports they DO NOT own the  discontinued operation and  reflect that to SEC in their opinion.  Once again if you  owned it and  transferred  for any consideration it  stands  as  sale of an asset  properly  reported IAW  GAAP.

I can agree  it  will pay to be flexible to  keep fine relations  with  Atzek  who have  desired the San Felix  for years and years.  Would  have to be  as   crazy insane as our  RB Louts to pass it by.  What  swung  the  trick after a criminal  Sonoran decade  was  our play acting “rich Investors”   game and use of  a  wide open surveillance camera to catch the  thieves. Them bozos even dumber than  our  dumbo dumbs. All they seem possible of  is  to  so thoroughly ditto Kenneth and Oscar’s  Mexus’s  doom  so they don’t even post.  A radical Christian said, “You will know  them by their fruits”; Matt 7:16  but some  dumb broad once said, “At this point  what  difference  does it make?”   And oh yes. Paul believes  it’s sold  exactly  as  reported to SEC.  He can’t  enter the property for one.  That’s  about 9/10ths and  signed contract the  10th.

BTW turns out  what I am buying  for North Pacific  is a  20′ steel dry cargo  worthy  shipping  container delivered to Walnut Grove   from Oakland. 55K# loaded plus postage. My hope is  ships  back home fulla gold! 8

http://www.dsv.com/sea-freight/sea-container-description/dry-container

I know $15K payment for 250KW generator  was sent   Fri 6th.  Means  this week    will be  driven down and  connected  now placer  run is completely reconstructed.   Sweet Valentine’s Day  gift will be switched on  14th weekend and  should meet the 30 day est for PM clean out  by  26th.  All who responded  are greatly  appreciated  as much as constant  doubters and slammers  are not , thanks. BTW should cost  twice that much but PT’s  a coupon shopper. So initial step of  go alone if a  need complete.  For  an explore  no money  youse guys  are  Starship Enterprise  crew.  “Warp speed, Scotty!”

http://www.globalpwr.com/products-page/diesel-generators/mq-power-250-kw-kd250v/?gclid=CO-7kPCI08MCFY17fgodlKEAhw

He’s   been down S.  CA   checking  on  parts  available  and into AZ where  world’s  largest  gem, minerals show is in  Tucson thru  15th . Nearest  hotel was Nogales 90 miles    so skipped   meeting    up there  and  got  border  customs  done for all placer  stuff delivered  with Julio. Just  now  both at arriving  at Caborca office where Julio goes back to Mexico City to work on expediting blast  permit once more.  Yes, ponds  lined  and filling but  placer itself  will assemble  early  week now with  screen arrival.  Current  generator is  sufficient for  just  one activity  and  run pumps but  greatly  increased  placer  run will require  the  new  250 KW one wise soul  purchased last  week in the  final parts list that  Paulie will  drive  down ( Not in AK right now while  ship is  fitting ; more to say) .  He will get it  set with Momo.   I agreed best to not  duplicate  elect  hook up but  wait  for final  power on  with new  250KW for all. Old  trailer  based  generator can be  replaced  to  outlier spot   needs   no  wire poles strung or emergency  back up. Late next  week should be   all running  and making  some placer product next  10 day crew shift.

. Hate  to mention but when I asked of  small AZ  JV miner he  said, “which one? ”  I let it  go  as  we both did  concerning  the SALE completion  we’d  agreed  to not let  the idiots  fan more flames.    Will happen as contracted or  require   forfeiture of  all invested  or some  other  agreement  reached good enough to satisfy the  boss.  So no comments except he  does  say  was a nasty mess disposed of may  well  all be behind Mexus  as agreed last  March.   That’s   the  3rd  step planned in mine  development  after placer and   shaft opening with or  without a JV.  Funding  not  actually a need  until needed  but  in the bank beats most other schemes  known to start up miners.

Back to Alaska.  N Pacific  needs  that  container to set up the process  and  PT Jr  will  get   it taken up and  installed as  my own last  buy in there.  But  that’s a next  season entry.  There’s  a highly  experienced Captain coming on to run the  ship while  Paulie  runs  the  company.  Turns  out  Hank S may have done  only  700-800 oz ( under  $1 million but   pure unofficial  rumor; see on Discovery   weigh in) went down too deep in  hottest spots for  good  recovery. Has I’d  guess passed those on the  N Pacific  for  much deeper   clam shell hoist since a bit in both camps and none  other  have ability. Still to begin  working    off  shore unfrozen areas  of new  claims none  have  yet  touched.  Be a  new  era chapter for  Nome  Bering Sea Gold.  Kinda what I do I my  spare time,hey.  Will let you know  in  August!

Were I to choose a  mine investment, but  like  200-1 reverse  Comstock LODE  with same issued? I’d not go  CDE until it returns the 2009 10-1 reverse  which’d  be  $72 .30  down from $235 high in a  25  year  old  ( Apr ’90 ) silver miner. Obvious  learned  a lot  simply existing  in  $5 AG, 2000  down from ’82, $11 to  $4 in ’90 start. Cost is  over  $20 top10 miners . Good comment to consider  BUT!

“Wish I would have invested as much in CDE as I have in MXSG…at least Mexus losses will offset CDE gains when I sell. Not throwing in the towel on mxsg but have written it off as a loss. Maybe I will be surprised. ”

“In 2013, Coeur had all-in sustaining costs of almost $19 per silver equivalent ounce. With silver trading at $17.50 per ounce right now”.

I’d  say no home  run possible and very little  growth tho  Jan’s been good . Just my opine. 8

Q &A? 2 so far  were :

1. Since  placer will be  expanded  to be  75/25% split from contract  old  55/45%….. What  will Mexus  get?

Ans. 75%!

2. Since  Rancho is  about 7400 family  acres contracted  and about  1000 taken after  ? How big  is Rancho? ,

Ans::  About  7400 plus extra  1000.

On January 5, 2011, Mexus Gold Mining S.A. de C.V. entered into a Purchase Agreement to purchase the Caborca Project.　　The Caborca Project consists of 7,400 acres (3,000 hectares) about 50 kilometers northwest of the City of Caborca, Sonora State, Mexico. The Caborca Project lies on claims filed by the owners of the Santa Elena Ranch, which controls the surface rights over the project claims. The claims lie near 112 o 25′ W, 31 o 7.5″ N. These claims were visited near the end of January, 2011.　　On or about July 11, 2011, we acquired five additional claims surrounding the Caborca Project consisting of approximately 1,000 additional acres.

Was  “as time allows “and GIGO is GIGO. Why bother when I post  it here   over and ove and have totally NO restriction on anyone else’s garbage. I make my own at zero cost  to Mexus holders but calls a  shit head a shit head! .

http://www.andrew-racz.com/us_gold_corporation.htm

“Comparing us to Gold Resource, McEwen and Comstock Lode is a joke as well. They actually mine where Paul Thompson just talks about it and that’s it.  ”

Easiest  to begin with US Gold pre McEwen  take over July  ’05.  Was when  Rob picked my  brain. “How’d  you  get in so early?  I’d about  250K largest pvt  holder as a late ’90’s   20/1 reverse  meant  treasury  and  3  officers  held  the rest  shares and my avg $ .17    for 33, 3 mil total issue   and Rob took 1/3  became  .36 overnight  $27,500  jumped   now $90K . Then ran on  to $10 by  ’08 and  was  $2.5 mill. Meantime   540K GORO  PP at .25 ran to $30 and  became  $16,200,000 total.  Lode? Just  11 million shares  bought  down to .00056 makes MEXUS a   super cap!  No idear  what  you  blather about? Best not try.  Be like  White House  and  “What Muslim Terrorists?”

At least  seems KC back on  the meds and cellar of  despair was  only  mid- winter of  discontent. Believe it, PT’s driving  and pedaling fast a  one  guy  can.  Sticks in  the spokes’re   no help; try  a deck of  cards  and happy busy  whirring  sound while  we  wait  this  week. Meantime  tell me  where is  at  and I’ll join the rose garden  he promised.  ” Producing mine’s is not  easy task  but  will bring  great rewards”. You usually plant  them roses and let them grow .  Bushes in a vase  are  damn ugly!  Waste of a good  $4.98 weekly  nursery  special . Cut  some  amazing  Apollo  sun yellow  blooms  last  week dead  winter!But  wha the hell is Texas! and easy pleased  for the good life  biz wise.  8