OTCPK:MEAOD - Post by User
Comment by
btrevorbon Apr 09, 2015 2:18pm
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Post# 23613468
RE:RE:ANALysis
RE:RE:ANALysisNo doubt the total quantity has been increased; however mining underground is not free.
8.64 g/t is above expected grade and 6.14 g/t is below. Consider cost per tonne and you start to see a very different picture.
MTO has been unable to get anywhere near expected grade and thus far has failed to profit in the 6 g/t range. Projecting that they continue to acheive 70% of expected this is not an economic result.
Just sayin'