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Bullboard - Stock Discussion Forum 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... see more

TSXV:MEX - Post Discussion

Mexican Gold Mining Corp > super numbers with only a fraction of the property drilled
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Post by hisandlos on Aug 05, 2021 10:19am

super numbers with only a fraction of the property drilled

With only a fraction of this property drilled  the  PEA came in showing  the current assessment

as a money maker after 3 years  on an 8 to 9 year mine.   That is based on just what has been

drilled   ...   however if one looks at the remaining property and studies some of the past 

findings one will realize that there is  mucho gold  in those hills my friends.   You basically could

build a mine right here and now  ...  generate cash flow  ...  and you pretty much know the drill

bit will do the rest for many many many years to come.    The precious metals sector has been

pounded so much over the past year  that  a story like this remains  pushed down into hiding.

The valuation of this company is screaming  and now with proof  and yet until the sector is 

released nothing moves except   record highs on the DOW  and  the S&P   because the fed

is buying up the inflated garbage  and everyone has gone absolutely  bonkers in actually

learning to differentiate between something that is dirt cheap and something that is in a hyper

bubble.   When they finally start putting money into this sector  ....  it will explode and 

companies like Mexican will looked at in awe.    Gold,  Silver,   Precious metals companies 

especially very good juniors is where it is at.     You can protect yourselves here and now  or

look back in  regret.
Comment by JBoukis on Aug 07, 2021 12:07pm
...and it tanked 18% on this fantastic news?  Wow.  
Comment by seter99 on Aug 09, 2021 10:15am
I think what happened is that the expectations was the old Indicated / Inferred and we "missed" estimate sortof like missing an earnings estimate and yes, I know the cutoff was changed.   Old:  645K @3.67 + 217K @ 2.68 Pea: 443K @3.34 + 361K @ 2.16 So after 1 year, 10K drill program, spending X amount (forgot how much) the resource goes down in size and grade. So what ...more