OTCPK:MEAOD - Post by User
Comment by
JRaffleson Dec 18, 2012 1:14pm
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Post# 20746069
RE: RE: RE: Barry
RE: RE: RE: Barry Barry might be great but much more drilling needs to happen.
Read more at https://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=31926869&l=0&r=0&s=MTO&t=LIST#7zLfHsuzxDEPZiOZ.99
Without exploring more remote IP anomolies, the NI 43-101 total reserves of Barry are already 781,450 ounces of gold. This is more that the Pre Feasibility total resources of 289,543 ounces of gold at BL.
Whilst Barry needs the mill at BL, the capital requirements for open pit mining are a fraction of the total cost of underground gold extraction costs which are not yet fully evaluated at BL.
also, at the moment Barry Reserves are know but BL is unknown, apart from less than 40% of the present reserves at Barry. It is agreed that more drilling on the Barry property needs to happen, but this is only required to extend resources many multiples of what is realistically possible from BL.