OTCPK:MEAOD - Post by User
Comment by
gahdcon Jan 13, 2011 12:28pm
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Post# 17966350
RE: Interesting
RE: InterestingTake another look at the press release. What you call a "concentration" process they call an "extraction" process with a rate of 95% extraction and no need for a tailings impoundment. It reduces the leaching circuit time from 40 hours to 3 hours, that's a 10 to 1 increase in efficiency. This could be a game changer for Barry. CONSERVATIVELY, it would at least double the output at Barry, or to put it another way it would more than double the ore grade at Barry (and we know Barry has lots of low grade ore and more likely to be discovered).
Also, you refer to a "pilot plant" and it's problems, but they already have a 24 ton per day pilot plant up and running and hopelly they have already ironed out all the problems, and what would be built at Barry would be better termed a first commercial scale production plant. They are still in discussions and nothing has been decided yet. I give the Metanor management credit for being imaginative and not ruling out anything at this point.
Overall, I consider this out-of-the-blue news a positive as it just adds to the future steady stream of news from Metanor that we all hope will move this stock. GLTA