OTCPK:MEAOD - Post by User
Comment by
cambuson Apr 30, 2013 11:09am
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Post# 21319025
RE: think of this
RE: think of this There is a time factor here.
They need to get up to the 4,000 ozs per month productionbefore they run out of funds.They should be able to do it ,but they cant sit around waiting for higher prices.They can make money at these prices-.The drop in production in March is one of the bumps to be expected during the ramp up.They are lining up their ducks so eventually they have the mining and the milling working together efficiently.
Developing a mine is not as simple as opening a packet of chewing gum but having got this far (as opposed to a thousand or so other companies)they are not going to drop the ball now.Just about every mining company big and small is suffering from savagely reduced share prices.