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