OTCPK:MEAOD - Post by User
Comment by
tsoprano1on Nov 06, 2016 11:32am
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Post# 25429688
RE:RE:Financial Post MTO...
RE:RE:Financial Post MTO...this is BS...
How can Metanor produce 70000 ounces per year with a mill doing 1200TPD. You would need grades of about 12 grams per ton on average to achieve this throughput. The article also says 500tpd from Barry at average 2 gpt and Bachelor cannot be 700tpd as the rock is harder so it will be more likely 600tpd. Better process all Barry's at that point.
Such a big pump!
LiTe, I actually love reading good fiction, but when they talked about all in sustaining costs I really had to chuckle. The reason I know they are losing money is because they can't get all in costs down. Easily one of the worst companies when it comes to that. But, they need to to pay that brain trust if they want to keep them.
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