OTCPK:MEAOD - Post by User
Post by
btrevorbon May 22, 2014 8:30pm
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Post# 22590016
Thanks for another after hours kick in the balls
Thanks for another after hours kick in the ballsNet Loss for the quarter of $1,919,928 which includes financial charges, and expenses.
That's 15% less than my predicted number which is good, but only with very tricky accounting as we shall soon read.
Gross Profit of $632,780 for the quarter after depreciation and depletion of $4,609,163.
That's a gross loss of $3 976 356 or $1.3MM per month, that's 25% of gross way bigger than even this pessimist expected. MTO has to mine 5000 oz just to break even on a gross unadjusted basis, that's seriously bad.
Cash Cost of $961 per ounce sold in the quarter...The cash cost per ounce sold includes the extraction cost, milling costs, on-site costs, and the royalties.
It does not include many of the items Ron mentioned in Zurich and he said cash cost was 30% lower than this number. So who still believes Ron?
Anyone still not believe that it's going to 0.12
https://www.youtube.com/watch?v=uhiCFdWeQfA
Anyone, anyone