OTCPK:MEAOD - Post by User
Post by
gahdcon Aug 06, 2011 2:56pm
462 Views
Post# 18912212
Good find!
Good find!" they are hiring 25 miners for the 17 of august on quebec jobs site
see the link "
Excellent find, thanks. Based on your info I predict we will see an announcement from MTO this week. HOWEVER . . . like everyone else I will welcome the news of shaft completion, but I do not expect a big upsurge in price because markets do not react to news that is long expected. I think the stock will now begin a gradual rise up to the beginning of production in December/Jan.
Of course we could have pleasant surprises along the way that would goose the stock price if drilling results are very good, and the new resource reports later could produce good upside. Once we begin production, then the price of gold will be a big factor too. $1650 gold is nice now, but we have no gold to sell, but by end of year we will have gold to sell at, I hope, an even higher price ($1750 - $1800 by year end looks very possible).
Lots of room for other pleasant surprises like 1) Takeover bid, 2) big new finds during drill program, 3) financing deal to build mill/concentrator at Barry, perhaps as a partnership sharing mill cost with other companies exploring around Barry.