OTCPK:MEAOD - Post by User
Comment by
MontyHighon Feb 19, 2009 10:06am
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Post# 15789269
RE: News... Excellent News
RE: News... Excellent News
20K oz in 4 months (oct..jan) yields 60K oz/year annualized. Should go higher than that as the mill is up 15% with another 25% to go and then higher grade as they go underground.
MTO is one of the absolutely lowest cost / annual oz ratio and lowest price to operating cash flow ratio gold miner I know of.
If you know of one more undervalued, let me know because I'd like to buy it.
And its in the most politically safe location in the world. And a place where you get great tax breaks for doing exploration.
The financials should look really pretty when they come out and the upside from here looks really good to me.
I am very comfortable with my MTO position.
MontyHigh