OTCPK:MEAOD - Post by User
Comment by
bot_feederon Sep 28, 2010 9:10pm
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Post# 17504397
RE: BLINDBAT_1 or BEAVER-SHIT? lick my jewe
RE: BLINDBAT_1 or BEAVER-SHIT? lick my jewe" MTO IS ALIVE AND HEALTHY. IT'S 1,700,000 OZ, and growing."
Half a million of that is their old deposit at D'Buisson (sp?).
I don't believe they could economically mill that at Bachelor, so they would need to work out a toll milling deal with someone at Val D'Or.
And most of the resource at Barry is I believe way too low grade to be economical. The concentrator concept sounds interesting but I think it is too unclear at this point to put any stake in it.
Plus, Century Mining was having a hard time breaking even mining 2 gpt open pit stuff at Val D'Or even with the mill right next door. Barry is in the 1-1.5 gpt range, a depressing fact we learned from the recent 43-101.
So that leaves Bachelor. 300k ounces, nice grade, could be more, could be a lot more. I haven't kept too close tabs on what's happened there, but I would think for the next several years any money this company can hope to make is going to come from producing those ounces.
To paraphrase Melville or whoever, gold gold everywhere but not a whole lot suitable for production.