OTCQX:MEAUF - Post by User
Post by
mewbuddyon Oct 29, 2013 12:06pm
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Post# 21858215
buy out target now
buy out target nowlet's wait for it's new 43-101 report which is due next Q1.
Management believes that the Windjammer zone will see a notable upgrade to NI 43-101 M+I resource ounces from previously reported inferred ounces with a possible increase in tonnage and total resource ounces.
before we have 4.3m oz in total indicated and inferred. let's speculate we get 20% increase of total resources then we will have 5m oz most lie in indicated catergory. most recent deal VTR got bought out for 63m for totally 6m oz gold. we would soon have similar size and grade.
don't forget we have already done PEA. the new resources will definately enhence this project's value. I can't see why it will not be bought out? with such a resource in such a mining friendly district. it's a sure thing. we just need a little bit time.