OTCPK:MEAOD - Post by User
Comment by
deslug1on Mar 06, 2016 7:54pm
154 Views
Post# 24628188
RE:Going Forward...
RE:Going Forward...I can only look at Hewfran, Moroy and Barry as huge opportunities if they are being monetized with gold now being at 1700 cad. MTO's all sustaining cost are much too high even at 1700 Cad gold. They have been saying for the longest time that it will only cost 3 million to upgrade the mill to handle 1200 tons per day but that has never been done. Time to put the money where their mouth is. Many other mines have gotten the all sustaining cost down to between $700 and $1000.00 per ounce during this downturn but not MTO. This is not beating on management but just stating the facts. Yes they have survived barely but there is a time for studies to be done and a time to improve the productivity and actually get the work done. Now is the time for work. So get to work and lets see what this next quarter will bring in imho.