OTCPK:MEAOD - Post by User
Comment by
hardasseton Apr 04, 2016 6:32pm
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Post# 24729881
RE:consolidation
RE:consolidationSprott would not have increased his holdings if he didn't think MTO is undervalued. He is a major shareholder on his way to becoming a dominant shareholder. Management will listen to him. Chances of further dilution have diminished.
It is difficult to say how important the drill results at Moroy will be. It depends on how good the results are. Every gram adds value to the resource. A lot of people on this board are looking for spectacular results. We will see.
Personally, I think Moroy is only one piece of the puzzle. If the results are good that means lots more ore for the mill, maybe enough to justify increasing the capacity. Four sources of ore (Bachelor, Hewfran, Moroy, and Barry) are better than one. Very little is said about Barry but it could be the biggest resource of all. MTO has the only mill for miles around which opens lots of revenue avenues. Sprott buying could be the last piece that makes the picture clear.