OTCPK:MEAOD - Post by User
Comment by
fruitvale3067on Jan 06, 2018 12:35am
144 Views
Post# 27295900
RE:RE:RE:RE:RE:RE:Thanks team europe
RE:RE:RE:RE:RE:RE:Thanks team europeLarrycrooks wrote: I’ m sure we’ d all like to see 400 meters of 1000 Au g/ t but the reality is that it’ s not realistic and for the longs here, you’ ll most likely be able to relate when I say that the goal here is to be mineable, not post the world’ s greatest discovery results so that greedy impatient pigs can stuff their pockets over night.
Building a credible mining company takes time, skill, qualified personnel, and yes, MONEY.
Time seems the biggest Achilles heel trolls like to exploit.
Larry your partially correct. If you would have said "you'll most likely be able to relate when I say that the goal here is to be ECONOMICALLY MINEABLE Then I would agree. What good does just MINEABLE do for investors trying to make money? This company has grades most companies would die for yet they still can't operate for a profit on a consistant basis. If the goal is to just be "mineable" I'm glad I sold when I did.
I also agree it takes a lot of money to build a credible mining company. Answer me this: how much money has been raised thru PP's in say the last 6 years? Then add in the bank loans and the 20 million Stream. I think you'll find it to be a staggering number of dollars. Yet after all these years and many millions of dollars this company only produced 7300 ounces last quarter.
If the goal is to be just minable then I hope they do find bigger deposits to at least last the next 2 years so I can continue to profit as I do now from my SSL shares.