OTCPK:MEAOD - Post by User
Post by
goldhappyon Apr 11, 2018 1:50pm
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Post# 27867876
Sprott backed Lake shore Gold...
Sprott backed Lake shore Gold.......fell to 16 cents before selling the company to Tahoe for over $2 per share...
...LSG had to expand their mill with major expence and time.
...LSG had to borrow money and dilute shares to deepen the shaft and develop the mines and exploration drilling.
LSG was far behind where MTO is now...with everything. Sprott backed Tony who sold LSG making investors well off.
MTO is at a very exciting point in the development cycle.
MTO produces a much higher mill head grade and ready to expand output in a very short period of time. Gold prices are much more robust than where Tony started out about $850 Gold. MTO is in a much favoured gold price range ready to expand to the upside.
MTO has cash , earning cash , about one quarter the amount of outstanding shares of LSG, no debt , plenty of financing , available in many forms , no debt ,huge exploration success unfolding. Sprott with his skin in the company. I think buying a few extra shares would not hurt and be in line for major upside.