OTCPK:MEAOD - Post by User
Comment by
duchebaggieon Feb 09, 2013 9:32pm
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Post# 20964107
RE: RE: Company projections
RE: RE: Company projections Have been invested at some point in MTO, not anymore. I am not an MTO basher nor a pumper, just realistic.
I have to come back to say something and support btrevorb.
Look at the evolution of cost/oz of ANY miners over the last 2 years, you will see MASSIVE cost inflation. That means the 43-101 report dated 2 YEARS AGO is completely OFF. It is impossible for a miner this size (production profile) to be producing at 454$/oz. The whole mine would have to be at 12g\t.
Therefore, even if we can probably assume they will be cash flow positive later in the year, it's not coming in FEB, want it or not.