OTCPK:MEAOD - Post by User
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fruitvale3067on Sep 06, 2016 8:00pm
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Post# 25212068
RE:RE:RE:RE:RE:RE:KISS Keep it Simple Stewey
RE:RE:RE:RE:RE:RE:KISS Keep it Simple SteweyFruitvale, it doesn't matter if we have held the stock on several different occasions before. Now that we are out of it we are not supposed to have an opinion. I may want to purchase some in the future if there is a material change (drilling of barry) but that doesn't count either.
mstellter, I doesn't look like there is any more drilling scheduled for Barry, and now it looks like Moroy drilling is also completed. I didn't think the Moroy numbers were all that great. There was one fairly good new hole that was something like 2.30 g/ton over 22 meters, but it was 60-90 meters deep. Hardly open pit material, plus the map provided wasn't that detailed, who knows this could be under the current tailings pile. Plus it's not going into a resource estimate. I don't think Moroy was anywhere close to the home run they were hoping for and I bet they wished they spent that drilling money on Barry instead.
So now the only drills running that we know of are at the Bachelor Lake Main vein and I suspect Hewfran (or at least they better be). They need to continue to find gold at those locations until they can get Barry up and running. All I can say is It's going to get real interesting soon. The only two missing pieces of information remaining that we know about are the 4th quarter report and the Barry PAE. Think about it, with all the news released over the past 8 months the only thing that moved this stock was Sprott buying shares. This quarterly report is going to have both some good items and some bad. Such as the 4th quarter should look pretty good for ounces produced and revenue, but it's going to be a different story for the yearly numbers. Question is does it get overlooked or does the market take everything into consideration. For me there is still way to many unanswered questions and it will be interesting to see if any get answered. Reserves left at Bachelor lake and Hewfran, Barry permits: How many, have they been submitted, and how long to recieve them just to name a few.