OTCPK:MEAOD - Post by User
Comment by
u2bobon Oct 17, 2016 12:51pm
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Post# 25351688
RE:RE:MTO... Valuation ... First Mover... Gold Price !
RE:RE:MTO... Valuation ... First Mover... Gold Price !fruitvale3067 wrote: Bob, one key sentance in your post pretty much explains the valuation issue.
"The initial operation presented in the PEA is a small operation".
That pretty much explains it. MTO has been, and for the forseeable future will be a small operation. As MTO management has said, they need to expand the mill just to reach 30,000 to 35,000 annual ounces from Barry. Last time I checked we haven't heard anything on a mill expansion.
Fair enough Fruit ... that does not mean the company is not moving forward ...it is drilling adding to 43-101 ... and at 8 cents Canadian share vs where gold price was 6 months ago ...most people saying that gold has yet to move...so upside potential is great...interest rates are still very low and the Quebec government has been pushing the development of the North..
That still begs the question why you are here Fruit ...answer that question otherwise not much reason to post to you here anymore ...thanks !