OTCQX:MEAUF - Post by User
Comment by
frances1on Dec 08, 2020 7:50am
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Post# 32056236
RE:Fireside chat with Tony Makuch at the Scotia Mining Conferen
RE:Fireside chat with Tony Makuch at the Scotia Mining ConferenCertainly if Newmont and KL renew and revitalize the mills (Holt and Holloway) the additional feed that ME can provide is accretive even if they paid $150M for ME. Based on our current PEA, 70,000 ounces per year with a net profit of at least $1000 per ounce would be $70M a year over a lifespan of 7-10 years min....they have the mills already and trucking is an easy option. So along with that comes the JV property for KL and upside potential to drill with lots of cash. Things looking a litle more positve for sure.