OTCPK:MEAOD - Post by User
Comment by
BASTILLEDAY4Uon Feb 10, 2017 8:51pm
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Post# 25831879
RE:RE:RE:The reason for the share price moves is...
RE:RE:RE:The reason for the share price moves is...LiTeOn1981 wrote: You are misinformed.
4 main things have changed that will make this pit profitable :
1) POG up 50%
2) Transportation is cheeper
3) Mill now at 97% recovery
4) Higher grade in-pit ore discovered
You dont know what you are talking about. There are 200 bad things I could say about MTO but right now this is positive so let's say the good things too!
Please tell us where the $20,545,000 capital cost is going to come from. I also saw the roads involved, God forbid another truck large truck comes towards you. Not sure when the spring thaw is up there, guessing you can write off 2-4 weeks of hauling ore not to mention the down time during the winter snow storms. Would however be a nice project for the Hoffman crew or Dakota Fred.