OTCPK:MEAOD - Post by User
Comment by
fruitvale3067on Jun 23, 2016 6:55pm
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Post# 24993015
RE:SSL agreement
RE:SSL agreementDoes stoping production at Bachelor would be a good option to force SSL to renegotiate their agreement
If it's true that Bachelor lake is running out of high grade ore and Hewfran has a limited number of quarters or high grade ore, then in the next few quarters the agreement will not end, but SSL won't recieve any gold because there isn't any.. Unless Moroy hit's. So I ask what is there to renegotiate?
So a possible scenerio is Bachelor lake and Hewfran end production due to no more ore, and mining moves to Barry. The SSL stream stay's in place. They just aren't recieving any gold since no mining is being done. Now lets say 6 months into Barry they find 9 g/ton and say 300,000 ounces at Moroy. If mining started at Moroy then the SSL stream is back on because Moroy is part of the Streaming agreement.