OTCPK:MEAOD - Post by User
Post by
longshot52on Sep 26, 2016 1:26pm
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Post# 25278634
PEA just a promotional tool and is not a Feasibity Study
PEA just a promotional tool and is not a Feasibity Study$700 Milion of investor's money was lost this past year when Rubicon Mineral built a mine based only on a PEA and not a Feasibility Study.
A Feasibility Study unlike a PEA can only be based on M&I oz and the use of Inferred Oz is prohiibited as they are just pure speculation.
Over 30% of the gold MTO expects to mine over the 9 year period is inferred.
For all the people posting tthe PEA as gospel shame on you.