OTCQX:MEAUF - Post by User
Post by
whoa_rimcheeseon Jul 07, 2011 11:05am
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Post# 18806107
Page 6 MDA
Page 6 MDAI might have missed it in a press release, but did anyone notice that there were some holes drilled on the Nighthawk Lake property, and they are were actually pretty good. One was 2g/t over 57.30 metres.
Nonetheless, at this point, the most exciting prospect is the Gap Area - hopefully some additional results are to come soon.
From MDA, sounds like some additional results are pending from WJ South.
Any idea when these guys might be at a stage to contemplate a 43-101 - they have hit so many new zones, it is hard to even venture a guess how many ounces. If they can keep hitting in the Gap Area - one can only hope that they do - the size of resource could grow very nicely. With a little luck, no reason this can't be a 3 million ounce, plus, deposit.
ME has a lot of shares outstanding, but they haven't financed at depressed prices. Ian is obviously cognizant of the fact that if he has to dilute, he will fight for the highest price. Appears to be enough cash to finish 2011 drilling and then some, so if a steady stream could continue, that would bode very well.