OTCPK:MEAOD - Post by User
Post by
Wolfin13on Jun 16, 2015 10:34am
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Post# 23835038
Barry Concentrator
Barry ConcentratorThey can mine Barry very profitable by building a small concentrator at Barry and shipping the Gold concentrate to Bachelor............they can get 2+ oz of gold in a ton of concentrate which would equal 50 ounces of gold for a 25 ton load as a minimum...............if they use tandem trailors your looking at 75 oz per load concentrate running two trailors 24 / 7 which would be so cost effective............and I believe they have looked at this optionalready...............just waiting for the gold market to head North and then borrowing apital would be much easier to obtain at more reasonable rates..
$75-90 million capital outlay for higher gold production out put................its a win win...IMHO
They could also toll concentrate at Barry for nearby mining operations and mill all at Bachelor........sinergies are all in MTO's favour...............MTO management needs to thing out of the box and larger towards future higher gold prices....