OTCPK:MEAOD - Post by User
Comment by
btrevorbon May 20, 2014 8:55pm
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Post# 22580281
RE:RE:Revised yearly production number of 45000 ounces
RE:RE:Revised yearly production number of 45000 ouncesI get 39813 oz to date BB but your number is close, not sure which one of us has a fat finger but either is close enough for thought.
July last year only had 2822 oz of production, it is buried in a press release to hide the bad number (see Aug 20 NR Metanor provides an update)
With two full months of production until June 30th year end and only 5187oz to go it brings up the question "Qu'est-ce que maintenant?"
Surprised; as I insinuated in an earlier post, I was. Last years very low July number leads one to believe that maybe July is their "operational repairs and maintenance shutdown" month. All miners have to shutdown for regular maintenance at some point and we have not had one yet. At least not one that was released to share holders. My guess is the maintenance shutdown will be disguised as "Mill upgrading" or some such nonsense. One thing is certain, the mill must be shutdown at some point as nothing runs forever. Normal service intervals are 12-18 months of continuous operation.