OTCPK:MEAOD - Post by User
Comment by
mstettleron Mar 30, 2016 1:59pm
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Post# 24711946
RE:RE:RE:Everything Depends On MTO
RE:RE:RE:Everything Depends On MTOHi Fruitvale (are you from there),
Book value only matters if the company can stay solvent. This requires mining at a profit which so far they have been unable to do. <br /> <br /> A higher gold price will certainly help but as someone else pointed out, AISC has risen while other miners have become leaner. Those miners are the ones that are being taken over. Add to this a bloated share float and the streaming agreement. I believe they will need to publish some pretty compelling results before anybody will be taking a serious look at them.<br /> <br /> At the same time I too am scratching my head about the Sprott buying. Maybe he does know something, then again maybe he is pulling a McEwen.