OTCPK:MEAOD - Post by User
Comment by
mstettleron Jun 26, 2016 3:18pm
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Post# 24999629
RE:RE:MTO is it's worst enemy.
RE:RE:MTO is it's worst enemy.Barry isn't worth that much at this time as the vast majority of oz are in the least confidence category. Usually there is a conversion of only half of inferred oz into higher confidence categories. It requires more drilling and engineering studies to assign value.
Moroy is far too early to even discuss a value.
I would be very surprised if the mill sold for 20M. Goldcorp recently sold a 6000 TPD mill and equipment to TMM for ~10M. Which I am am keeping a very close eye on.
From the updated Anna Paula PEA using base case USD 1200 gold:
All-in sustaining costs ("AISC") of $507/oz gold, $479/oz gold Net of By-Product credits (updated)