OTCPK:MEAOD - Post by User
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mstettleron Mar 03, 2018 11:55am
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Post# 27656176
RE:RE:RE:RE:RE:FRUIT...MTO...Thanks U 4 The Laughs !
RE:RE:RE:RE:RE:FRUIT...MTO...Thanks U 4 The Laughs !heystupid wrote: Fruit, let me get this straight? ..you think Moss is a bust? ..because they have not posted results? … Let me know. The one hole cut two zones, one being like 70 g/t ..over I think 4 meters ish. Moss will be a part of the puzzle ..
True width will be about 75% of the intercept - was 2.6 meters. It's a very good intercept. However, it's also 330M underground. https://www.metanor.ca/wp-content/uploads/2016/11/2016-11-07-14_11_46-PR-2016-10-28-revAG.docx-Microsoft-Word.png
To actually find an economical deposit they will another 100 or more intercepts just like that, and another 1000 drill holes to define it. Look at how much drilling has occured at windfall: 600,000M over 20 years. Eagle hill had drilled 200,000M before Osiko took over the project, and they Osisko drilled another 400,000M. This is required for the FS stage to upgrade the indicated oz to 2P. They have 750,000oz indicated with another 850,000oz inferred.
Dedending on the type of deposit one can usually expect that they will convert 60-70% of the indicated oz to 2P, so we will probably see roughly 500,000oz of 2P in the FS.
My point is that after 20 years and 600,000M, they will finally reach the FS stage and will probably have a mine with perhaps 500,000oz 2P. There is a good chance this will be expanded over time. From initial discovery in 1975 they will begin construction of a mine in 2019. As always, I'm simply pointing out the reality of what it can take to make a mine. Sorry if that doesn't work for you guys who like to play pretend.