OTCPK:MEAOD - Post by User
Comment by
fruitvale3067on Jan 31, 2017 8:35pm
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Post# 25780887
RE:Gold up!
RE:Gold up!LiteOn1981 wrote: anybody with insight as to when the resource update for BL will be made public? It was supposed to be in December but I think they said early in the new year afterwards. Any info?
Lite the second time they said they would release the resource estimate was the first half of this current quarter. Which means February 15 is the second dedline this company set. However, when it does get released it will be interesting to see if they just give a number of ounces at bachelor lake mine or break out the specific areas and ounces associated with each. After all Hewfran West and Moroy will have ounces but it's really not mineable with MTO current financial situation, So it really boils down to the main veins and hewfran in the near to mid term.
As I see it this is dead money for a minimum of another year. You may se some stock price increase if they can actually get Barry up and running. Unfortunately it is put on hold again. Even then your not going to strike it rich with company. It's a small producer and always will be.
On another note, I played Coyote Springs and Reflection Bay near Las Vegas this past weekend. I wasn't very good, but if you get the chance play both next time your in the Vegas area, excellent layouts.