OTCPK:MEAOD - Post by User
Comment by
u2bobon Aug 11, 2016 2:00pm
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Post# 25131825
RE:RE:Benefits of a new Barry mill
RE:RE:Benefits of a new Barry millLiTeOn1981 wrote: Buy Bonterra and it makes even more sense, but that costs money? This is why in the meantime trucking Barry ore using conpanies makes sense if a nice 500$ per ounce profit can be made. In combination with processing Bachelor, Hewfran and possibly Moroy ore at the mill this means considerable reduced all in sustainable cash cost even below 900$ Canadian.
Investors will be paying a lot of attention to Metanor as there plans slowly unfolds. Can be lots of sucess or not. We shall see soon. First cue is last Q profit, need to have money accumulating in the bank!
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Lite I agree 100 % control the head grade of ore being processed at the mill and then you can keep costs down...and profits up...all the while you can be stockpiling Barry ore at the mill when running higer grade ore at Hewfran Bachelor and Moroy and blending the ore for profits...takes time to get there...and with that like you say eyes will be on MTO...and with gold prices up so will be M&A activity on producers...imho
Good luck
Bob