OTCPK:MEAOD - Post by User
Comment by
hardasseton Mar 24, 2015 6:50am
65 Views
Post# 23553920
RE:Is Anybody Else Following The Gold Price?
RE:Is Anybody Else Following The Gold Price?I know it is bad form to reply to one's own posts but the silence on this board is defeaning.
Gold is up smartly again this morning. Please note that a $50 increase in gold prices translates to $150,000 to $200,000 a month on MTO's bottom line. A $100 increase doubles that. Combine this with the abscense of the $300,000 monthly payment to Quebec and you have added a half million dollars a month and more to MTO's cash flow.
I think this is how they sold the PP. The buyers of the PP would have to be convinced of MTO's long term viability or they would not be buying in. The worm might be turning guys.