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Mexican Gold Corp. V.MEX

Alternate Symbol(s):  MEXGF | V.MEX.W

Mexican Gold Mining Corp. is a Canada-based mineral exploration company. The Company is engaged in the acquisition, exploration and evaluation of resource properties in Mexico. The Company owns a 100% interest in the Las Minas and La Miqueta properties, collectively named the Las Minas Project, through its wholly owned subsidiary, Roca Verde Exploracion de Mexico, S.A. de C.V. (Roca Verde). The Las Minas project is located 16 kilometers (km) from a toll highway and rail corridor at Cruz Blanca junction, which by road is another 240 km east of Mexico City and 150 km west of the port city of Veracruz. The Las Minas project has two gold-copper deposits in advanced-stage exploration, and multiple exploration targets. The project comprises six mineral concessions located in the Las Minas district in the state of Veracruz, Mexico, consisting of the Pepe, Pepe Tres, San Jose, Pueblo Nuevo, La Luz I and San Valentin mineral concessions.


TSXV:MEX - Post by User

Post by hisandloson Jan 21, 2021 1:55pm
254 Views
Post# 32346473

RIDICULOUSLY CHEAP DO THE VALUATION COMPARISONS

RIDICULOUSLY CHEAP DO THE VALUATION COMPARISONSNot to say I do not love what is going on in Newfoundland  with  Sokoman,  New Found Gold,  etc.

but there is your answer as to how cheap and undervalued this stock is.   Mexican basically is 

showing that they have a million oz  with the latest stellar results,   are in a mining friendly 

jurisdiction,  have a property which still has many zones open and potentially is showing many 

many more oz to come,   has a property where I would argue is more easily mineable than the

Newfoundland properties  ( and again I love the Newfoundland properties but just showing the 

comparisons).   K9 which borders Sokoman and has not drilled one hole has a valuation of

$11 million dollars.  Sokoman has a valuation of $36 million dollars  and is not able to release a 

resource estimate yet because it is still early days.   Yet here we have a million oz  and are close

to a preliminary feasabiltiy study  ...  and this company is being valued at  $12 million dollars  ...

I mean who is kidding who ????????   Talk about the buy of the century !!!   No wonder Pallisades 

basically is pouring money into this hand over fist  and is closing in on 40 % ownership.   Do I really 

need to say anything else ?  Consider where the gold price is going,  consider that the fiat 

currency is losing value on a daily basis  and imagine when people are trying to find a precious 

metal home  when physical metal will be impossible to attain  and the only choice left are the 

miners who have it.  Consider when the major companies who will have so much money and are 

trying to replenish reserves what companies like Mexican will be going for.  Do I need to really 

say anything else?   
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