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Mexican Gold Mining Corp V.MEX

Alternate Symbol(s):  MEXGF

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

Comment by Sharegar777on Jun 08, 2021 2:16pm
229 Views
Post# 33348784

RE:crikets since Jan?

RE:crikets since Jan?
 I agree with you ieatcrayons.
The strategy with regards to lack of news is not good for the likes of retail investors.

 That is why I was wondering about peoples thoughts on the high % ownership relating to Palisades.
 It suits Palisades to have a lower SP at this stage, so that they can fund Mexican Gold for more shares and create intrinsique value at the same time.
 However, I aim to be here when they are cashing in their chips further down the line.
I think this is one of those shares that you should be prepared to invest a bit more every time there is a capital raise.
 The only big risk that I can think of is that they sell the project at a low price for some of their friends.
 This is a potential problem for any investment.
So I conclude that it is a long term hold for me and if it is allowed to reach its true value then the SP will be multiples of today’s price.

         GLA Sharegar.

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