OTCPK:MEAOD - Post by User
Comment by
witsguyon Dec 01, 2015 11:23pm
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Post# 24345416
RE:MTO Takeover...
RE:MTO Takeover...u2bob wrote: ...I would think the best thing that could happen now would be for Oban to takeover MTO with 75 million in cash ...they could offer a stock swap and not touch any of their cash.. then they could have Windfall Lake and Barry combined...also BACHELOR they could come up with a new deal with SSL.. and or shut down the mill for expansion ...and let Bachelor sit till they decide how to best utilize the mill money does give you many more options...build a feeder from WINDFALL / BARRY ...the biggest plus would be that consolidation of the Barry area into a camp ...also lots of properties they could look at around Bachelor to further consolidate...could be a win win ...Oban would finally be considered a producer instead of just an exploration company ...
and with Osisko backing and Dundee they could take this area to the next level...
Bottom line is that I do not see this management at MTO taking us to the next level...so they should really start shopping this one around ...
Bob
Bottom line Bob is the head grade.... OBM has in the area of 7 to 10 grams / tonne. Barry's "resource" has around 1 to 1.5 g/t. What would Oban want with Barry except to dilute their grade? Je suis curieux.