RE: RE: RE: RE: RE: $7The market can stay irrational longer than you can stay solvent. John Maynard Keynes
Ah, you are paraphrasing the late great Keynes. The only major economist to put his money where his mouth is. He made a personal fortune investing in the stock market, and did it in the middle of the depression after the crash of '29.
Well, I can hold out on this stock for over a year, but we will be in production in just 6 months.
TicToc talked about $2 with no surprises, which is still a nice profit for me, and I like the fact that this stock has lot's of room for upside surprises. Consider:
1) We still have over 35,000' of drill results to be coming in on Barry and Bachelor Lake, lot's of room there for pleasent results from drilling on well deliniated anomalies in currently productive strata.
2) Right now at Barry it is profitable to scoop up 1.25 gr per ton ore, but there is lot's of lower grade based on drill results and as the price of gold heads toward $2,000 or more there will be a lot of that lower grade ore that will become worth min ing.
3) Bachelor Lake in production will be throwing off lot's of cash and MTO will be in much better position to finance Barry expansion/mill or perhaps buy up claims nearby or cut some joiunt venture deals. They have stated previously that they wanted to expand claims position around both BL and Barry.
4) They have 4 other nearby properties will proven gold that they can drill on to expand.
GLTA