New NIA Gold Stock Suggestion: MX Gold (TSXV: MXL)
MX Gold (TSXV: MXL)
Currently: $0.225
Shares Outstanding: 133.38 million
In the upcoming months, MXL will become one of the world's lowest cost and highest grade producers of gold. MXL's Willa Gold, Silver, and Copper Project consists of 21 mineral claims totaling 5,329 hectares and is located 8 kilometers south of the town of Silverton, British Columbia. Over 596 drill holes totaling 57,250 m have been completed. At a 3.5 g au/t cutoff, it already contains a Measured Resource of 496,000 tonnes grading 7.18 g/t gold, 0.94 % copper and 12.16 g/t silver and an Indicated Resource of 262,000 tonnes grading 5.71 g/t gold, 0.67 % copper and 13.26 g/t silver.MXL recently acquired the nearby award winning MAX Molybdenum Mine, not for its Molybdenum reserve, but for its turnkey, fully permitted mill and tailing facility. MXL will be consolidating it with its Willa Gold, Silver, and Copper Project to bring it into production by year-end 2016. The average gold miner in the world is currently producing only 1 g au/t and MXL is projected to produce gold grades that are 5X to 6X higher than the average gold mine!
The mine manager of Goldcorp (GG)'s Peñasquito Mine, the second largest producing gold mine in all of Mexico – has just left GG to become MXL's new President and COO. MXL's mill can process 1,000 tonnes of ore per day and MXL expects to initially produce approximately 25,000 oz of gold per year! This evening, NIA will discuss MXL's extremely low production cost estimates!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has been compensated by MXL $40,000 cash for a two-month investor relations contract. Never make investment decisions based on anything NIA says. This message is meant for informational and educational purposes only and does not provide investment advice.