OTCQX:MEAUF - Post by User
Post by
investornoton Dec 10, 2020 1:21pm
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Post# 32077767
Good news
Good newsEven better that it did not create a 'sell on news' reaction! Price was surpressed enough to begin with.
At such time that a PFS is done the reality of the cost to mine will become more evident and that will weigh very heavily against the profitability here. Not to say they cannot or will not be profitable. I believe they are but it has just not yet been proven. That does leave the company in a good position though for suitors to take it to production.
This is about the best position the company has been in over the past 10+ years. It should generate some buzz along with a possible buyer, or as in past it may lead to a rise in s/p that will allow for a PP at a more reasonable price to finance operations further until that buyer does come calling. I have no doubt it will happen... eventually.
Hoping for a good finish on the day and into next week. That will also be very telling. GLTA