OTCPK:MEAOD - Post by User
Comment by
mstettleron Sep 27, 2016 12:22pm
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Post# 25281977
RE:PEA just a promotional tool and is not a Feasibity Study
RE:PEA just a promotional tool and is not a Feasibity Studylongshot52 wrote: $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.
You are 100% correct and this has been mentioned many times before. Most people here live in peter pan land and like it that way.