OTCPK:MEAOD - Post by User
Comment by
JRaffleson Apr 04, 2012 3:53pm
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Post# 19759677
RE: How about a prediction?
RE: How about a prediction? A Metanor SP dip in the US / Canada may soon seem a good price when viewed from Euroland .... the following comment from the Prime Minister Rajoy of Spain today, has foreboding for currency instability -
“Spain is facing an economic situation of extreme difficulty, I repeat, of extreme difficulty, and anyone who doesn’t understand that is fooling themselves,” Rajoy told a meeting of his People’s Party today in the southern coastal city of Malaga.
When you alluded to ~60 days for an updated feasibility and start of production, then today's prices are immaterial, unless a sale is forced......
- $50m + free cash flow after production, for a company with mkt cap of ~ $65m
- a mine life being increased from about 3 years to ............. up to 10 years.