OTCPK:MEAOD - Post by User
Post by
psych01on May 03, 2018 10:12am
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Post# 27975841
Few facts mega emotions
Few facts mega emotionsFrom many posters, emotional outbursts and venom toward anyone who posts facts, is cautious and pragmatic about investing. Here's a good scenario to illustrate, elicit debate. Bachelor mill expansion has not begun, in fact we now know consultations are under way, with various stakeholders I suppose. How long does that take, given some of the stakeholders will be First Nations and the environmental footprint for mill expansion is as important to them as potential economic benegit-jobs. How much will it cost to go from 800 to 2400 tons per day---lots. PP's inevitable, thus dilution. Bachelor is only doing about 500 tpd at present with very high AISC's. Moroy is coming to the rescue with more ore--when, and at what cost. Barry was not mentioned as an interim source of ore to keep Bachelor 'viable'--a stretch on that word---but we can assume that attemps will be made to supply Bachelor with some of the good stuff if it can be isolated and delivered economically. Goldhappy knows the geologic structural stuff as well as anybody, he might have a word on that prospect. In any event going from around 500 tpd to 2400 tpd seems a wide gulf, more wishful thinking than anything else at this point---the old saying, don't sell the steak(reality), sell the sizzle, the glitter in this case, comes to mind. IMO