Support Org added. NONE of rest of Thompson family get paid much of anything for Mexus after CEO’s zero salary. It’s the water company office and workshop. Unless they are on chart ZILCH!!! Why lie? This one pocket to another less than arm length has NO possibility to compare to Mexus Mexico.
http://www.mexusgoldus.com/company/organization-chart/default.aspx
Have you even LOOKED at the Golden Queen CA project cap cost of $114 million? What’s there is an empty shell bldg and a PAVED parking lot for now $8 million in the TOUGHEST mine requlation ,but seems permitted, in the WORLD. My feeling it’s a money figure used one pocket to another with no real huge funds changing hands. Leucadia’s ’12 merger of Jefferies I know from financing Comstock Lode. Other JV is Auvergine actually the Clay family who own the mine. Strange operation. And there’s almost NO place in CA far away from electricity but I bet will use own generation. Selling aggregate is usually a sham figure as says leached and rinsed over time. Would be 10-20 years down line and I’ve NEVER seen abandoned pad sold off from hundreds of mines. There’s 20 miles blowing smoke here stretching half way back to Bakersfield over Tehachapi summit!. Back way I-5 to I-15 Barstow and Vegas with more pure rock than about any place in the USA. Dirt cheap means EXACTLY that!
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Total capital cost to build the project is now US$114 million, which includes a contingency of 15%
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The total capital cost including $10.5mm in working capital and mobile mining equipment is now US$141 million
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~US$8 million has been spent to date (March 31, 2014
The Company also plans to process and sell leached and rinsed residues from the heap leach operation for a range of uses to local and regional markets
•No contributions from the sale of aggregate will be included in the cash flow projections until long term contracts for the sale of products have been secured