OTCPK:MEAOD - Post by User
Comment by
mitch0frenchon Jul 01, 2016 11:18am
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Post# 25015353
RE:Hey Lite You Have....
RE:Hey Lite You Have....Just to note that your numbers are those at march 31,since then for the quarter ,they added about 3 million in cash approx. for selling 9000 oz and maybe add an other 1000 oz solid.
the total by now ,i think is more like 9 or 10 million cash.(cost of drilling????suppose to be low and include in the worker cost as they owned the drills)
the value in cash .02 cents/share ,p/e of 10,make .20 cents/share value just for the cash position.
That mains that , actually ,even cash in bank have no value .
don't forget the actual philosophy with the western world US and CDN governments and banksters , depth is better than cash.Cash in Europe with negative rates tell the people that cash is no good than depth.Don't be surprised if people are mixed up.