OTCPK:MEAOD - Post by User
Comment by
CanWllSttJron Feb 27, 2015 8:27pm
72 Views
Post# 23474676
RE:RE:RE:RE:RE:RE:All-In cost of $1,395 per ounce sold!!!
RE:RE:RE:RE:RE:RE:All-In cost of $1,395 per ounce sold!!! MTO is broke, they had 1 million left in the bank account and they have to give it in the deal they just made.. so either they make it to get investment of 3 millions at 0.06$ very soon or they will use that million for the drilling campain and it will be able to give that milion in the deal. And that deal would fail, for mto to declare bankruptcy in august or before. Oh yeah they may be doing lets say 200$ profits now per ounce, 1 600 000$ profits for Q1 2015.. but the operation cost of the drill campain will cost more than that. They are now desperate to find new reserve.. not before mine is empty but before bank account is empty.