OTCPK:MEAOD - Post by User
Post by
Wangotango67on Sep 24, 2016 2:08am
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Post# 25273145
I would do it all together differently...
I would do it all together differently... 1 - Let Bach Mill - look after Bach Gold - period.
2 - Let Barry gold - stay on Barry site to mill and process.
3 - Why ? I think the cost to ship ore is pointless -and the cost savings applied towards a
Barry mining operation - has many, many advantages.... adds asset wealth..
4 - If Barry hada mine site - what value does that translate into for - Metanor having 2 mines ?
5 - Having a mine site on Barry - will prove positive - fore thinking - fore planning - for future
gold zones to mine. I think Barry will prove positive - having diverse - gold zones.
6 - If they choose the present PEA model and transport ore - they will forever have to transport
ore. At the end of the day, exploiting the Barry pit in a manner of dig and remove - it will only
have an in the ground value - never a value that could grow Metanor into a larger scale
mining operation - and perhaps - attrack outside interest.
7 - Having two mines in operation - just makes sense - its doubly better.
8 - If yur going to mine a resource - and a resource that has far greater deposit potentials with many more zones - why shot gun it - go half cocked - half @@@.?
9 - If Metanor stated before it may cost $17 - $22 a ton to transport ore from Barry to Bach ?
What dooes that translate into ?
$19 median transprt ore cost - $19 X 420,000 T//yr X 9 YEARS = $71,820,000.00
All that transporting cost - when they could have a mining operation - an asset value - and
the opportunity to mine even more.
10 - How can they achieve a mining operation on Barry ? A prrated stream - floats with gold price - have someone fund them - to spark it - and the stream flats with a cap - max $200/oz
If it would have cost $19/T to truck it - and 1.75 grams per ton x 18 tons per ounce.
18tons x $19 truck cost = $342 ( would have cost. )
Find a finacier - pay a stream of only $200 - spot float price. ( fluctuates ) and well... by doing so - it adds another mining operation - allows to expand and mine for more Barry gold- Adds an asset value. While trucking the ore - simply exploits Barry - and keeps them trucking. (always)
11 - https://www.resourcesgoldtechnology.com/
12 - What would the market say? How would the market react?
If Metanor said theyre going to go the modular mining route and build a mining operation - devooted just for Barry - and let Bach run the Bach gold. ? 2 perating mines.
Before you critique - search the entire website - read all literature - even - FAQ'S.
Wango ~