OTCPK:MEAOD - Post by User
Comment by
pdcon1on Oct 31, 2015 9:39am
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Post# 24246443
RE:RE:RE:NEWS- Metanor Increases Drill Program for South Zone
RE:RE:RE:NEWS- Metanor Increases Drill Program for South Zonejust a few misguided statements , the mill is not worth zero its generating a lot of cash and to replace it probably 10 times the 56 million . New Gold just spend 850 million on a mill in RainyRriver Further more MTO doesnt have a pay back time or has to recoup hundreds of millions of dollars , the mill is paid for . Any new development of future gold mines without a mill must calculate a lot higher grades and tonnage to make it feasible to mine . With mto thats all taken care of and the share price based on that alone should be 15 cents.
MTO was never sold for 4 million for 1 third of the company they just found a large investor. that is hard to come by today , my theory is if the deal falls through then look at 3 cents unless gold takes off.