RE:RE:RE:RE:RE:RE:BTR is being shorted today Tannin wrote: Don't be silly fruits....Pascal was not responsible for mtr mess. Mill was too small, ore production too small, gold royalty debilitating, gold prices miserable, co. always underfinanced...it was one giant mess.
Tannin, Pascal was the production/operations manager during Metanor's time. WHat do you mean he wasn't responsible. The economic assessment for Bachelor lake identified AISC that was considerably less then the price of gold. Look it up the info's out there. The problem was Pascal and management thought they had a better understanding of the vein structure when in reality they didn't. Narrow veins with little or no viable ore surrounding the veins. It's called the halo effect. So it was vein or nothing. Which cost a lot of money to move waste material and it dilutes the material that does make it to the mill. Also, the mill wasn't too small they were having trouble feeding it to it's 800 TPD level. Remember they were running 5g/ton material and couldn't make a profit. Your going to have the same problems with Moroy and Barry. At Barry the veins are 50 meters apart, in between nothign or very little. As for the streaming agreement who do you think signed the deal? Just Sandstorm? Sandstorm didn't hold a gun to management head. I'm sure it was MTO management who made first contact about a streaming deal. You act as if it was Sandstorms fault. You gave got to quit make excuses for poor management and poor decisions. Again there is only one group of people responsible for the performance of a company and it's share price. That is management, plain and simple. Pull up the charts and the financials, they don't lie. You just have to open your eyes once and a while and quit drinking the cool-aid. I remember the straw that broke the camels back for me with MTO. Management was hyping looking into re-starting a fully permitted Barry deposit. Then 3 months later they let the permits expire. That was it for me while at the same time Iluv blew it off and has beeen making excuses ever since.