OTCPK:MEAOD - Post by User
Comment by
fruitvale3067on Oct 23, 2017 5:35pm
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Post# 26847166
RE:RE:RE:No one called !!!
RE:RE:RE:No one called !!!Brandy, here's a theory as to why no guidance going forward.
Since they are moving the fiscal year to match the Calander year. No reason in giving guidance for 6 months. Espcially if bachelor lake is running out of economically minable ore. If they stall on guidance for 6 months they maybe able to add some ounces from Barry in the second half of the new FY 2017. So I would expect to see guidance then.
We'll know soon enough, if they have found any new deposits at Bachelor lake. The next quarterly report is just around the corner. It will be interesting to see because grade, mined tons, milled tons and ounces were all down from the previous quarter. The only thing that was up was recovery. My guess the 9000 oz quarters from bachelor lake are over. Maybe one more, unless they find a large pocket somewhere (Moroy). But in general the farther they move away from the main vein the smaller (Narrower) the subsequent veins become.
If this upcoming quarterly numbers are a repeat of the quarter just relased, The drill results better be good.