OTCPK:MEAOD - Post by User
Comment by
smilleyon Feb 12, 2009 8:20pm
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Post# 15775789
RE: My Take On Hewfran News Release
RE: My Take On Hewfran News ReleaseI think 3 grams per ton is disappointing. I'm sure Barrie is higher than that and Bachelor Lake higher even yet. With the proximity to the mill, its viable, but with a 1200 tpd mill these kind of numbers are unappealing IMO. If they can prove up large tonneage figures then its a whole new ballgame. MTO is sitting about the same as all of my other junior gold plays which is about half what it was trading for this time last year. Short term, we should be focusing on free cashflow and cost per ounce. Next two quarterly reports will tell the tale. I'm sitting on a pile of warrants and looking at a two year time line. Good luck all MTO longs.