OTCPK:MEAOD - Post by User
Comment by
mstettleron Oct 17, 2016 1:27pm
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Post# 25351930
RE:Plenty of fish in the sea.
RE:Plenty of fish in the sea.mstettler wrote: VANCOUVER, BRITISH COLUMBIA, Oct 13, 2016 (Marketwired via COMTEX) -- PEA estimates;
- positive cash flow of US$558 million over 9 years, an Internal Rate of Return (IRR) of 113% and achieve an NPV5 of US$415 million
- 400,000 tonnes per annum (108,000 Au Eq per annum) over a 9 year period with cash costs of US$547/oz AuEq and all in sustaining costs (AISC) of US$619/oz AuEq
- Treatment of 3.2 Million tonnes @ 7.1 g/t Au, 25 g/t Ag & 1.7% Cu (9.3 g/t Au Eq(i)) over the 9 years
- Initial Capital Cost of US$13.84 Million
'What company is that with such a stellar PEA?' For most here it is MTO, only MTO, all the time. Am I fed up with MTO magangement? Yes.
Do I think barry has potential? Yes.
Am I in love with any stock? Absolutely not. Never.
Each company is constantly evaluated and must have a compelling reason to invest in it. These reasons will change from time to time. I post here because MTO is a stock to approach with caution - my posts reflect that. Those who get sucked in at the wrong time will only ride the stock up and then down again.
When I joined this board I owned shares at an average of .038. That was before the shares made a new 52 week low and management undertook an orgy of share dilution. Before Moroy turned out to be a bust. Since then there has not been a compelling reason to go back in, but I continue to keep an eye on barry.