I found an old newspaper article on Bachelor Lake Gold Mine. The reserve grades were 0195 ounce per tonne, or 5.5 g/t. I expect grades similar to this number unless they high grade the mine. MTO is lucky Sandstorm is involved. Gold miners who are not profitable are getting destroyed in this market and new funding is tough to get. Look at NWM, AMC/QMX, GBN, GGN. Pretty horrible charts, NWM just announced a 1:10 rollback and a financing. Mining gold is not an easy task, especially underground, and it takes alot of money and expertise to develop the underground to achieve the targeted production levels. Pascal Hamelin should know this, he used to work for Alexis who had to do a 1:20 rollback.
I don't think Sandstorm would ever make a take over offer for Bachelor Lake, it would destroy a successful businsess model. I don't think any company would take over Metanor or Bachelor Lake without Sandstorm agreeing to the gold stream being bought out. As long as Sandstrom is backing MTO they will have access to funding, hopefully better than the last debenture deal which was pretty messed up. Here is the newspater article:
https://news.google.com/newspapers?nid=1158&dat=19811021&id=YscpAAAAIBAJ&sjid=J0YDAAAAIBAJ&pg=1743,2843878