First Mexican Gold Corp.

NEW: now 100% interest in the Guadalupe Property in Sonora, Mexico (Jan. 2012) / Best intercept: 37.8 metres of 6.51 g/t Au, 678 g/t Ag

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Message: ....corex update...
It will be interesting to see the next update from Corex. I am very doubtful they will make much money from this deal. The grades are very low...H Morgan is putting up the $$ no doubt and they will be looking at a Heap leach mining situation....and they will be taking the major share of the revenue. ..don't what % Corex will be left with but I doubt that Corex shareholders will get rich...May pay a few executive salaries for a while...JMO. Don't know what Jim is working on but hope it is better than this arrangement...at least that is my opinion.
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