OTCPK:MEAOD - Post by User
Post by
u2bobon Apr 09, 2016 11:44am
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Post# 24748034
MTO Undervalued...
MTO Undervalued... I for one am glad to see Sprott buying up all those cheap shares ... call it stealing or WHATEVER ! .... I would like to think of it as clearing out the "ROACHES" that have been holding MTO back ...valuation for MTO has lots of room to climb northward with Moroy drill results leading the way first...also Moroy could start as open pit another positive...then the next leg up will be showing Hewfran as cash flow positive...after that you have a whole different scenario with Barry drilling and mining open pit and gold prices another leg up...and maybe the biggest selling feature of all for MTO will be able to show a combined resource of Bachelor Moroy and Barry properties and there potential of well over 20 years of mine life 100,000 ounces a year which would be 2 million proven ounces and more than justify mill expansion ...I believe it was stated that Barry could be a stand alone project with mill ... conservative numbers now could change quickly with the drilling over the next 6 months... and we will need a number for E/V ounces of gold in the ground ... end of the day Sprott is a gold guy so he sees the potential in the mines and mill... now is the time to be a producer as well as an exploration company....and at 10 cents he is betting on a nice return ... and so am I ... Later!
Bob