OTCPK:MEAOD - Post by User
Comment by
JRaffleson Oct 25, 2012 11:34am
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Post# 20523047
RE: RE: RE: A little help
RE: RE: RE: A little help MTO could do the same thing once they start making some money and buy out eagle hill and bonterra.
The future for Barry is a mining camp to include both the above.
- Bonterra at $0.06 has a market cap of only C$6m (C$60m 2 year high)– this could be purchased for 3.5k ounces of gold from BL!
- Eagle Hill’s windfall Lake at Barry could be a real jewel. At a market cap of 21m this has 538k indicated ounces ounce sof gold and 822k Inferred ounces. The icing on the cake is that the grade is between 8.7g and 10g ton. Therefore, at a cost of 12.3k ounces of gold from BL, Metanor could purchase over 1.3m ounces of gold in the ground, far more and at a higher grade than Barry’s existing NI 43-101.
These opportunities are only dreams until the Metanor produces gold.