I agree, even the great Lassonde says it will take five years before the gold "peak" is exhausted.
MTO is out of gold long before then, and is out of moeny today.
If they could get the grade up we might have a chance but thus far MTO has not even been able to acheive grade. NOT ONCE, NOT EVER. This is something I have a difficult time understanding.
Let's say the speed limit is 60km/h and someone says we have 80km/h and 140km/h and 90km/h, you would think the trip would end sooner than later - mais oui?
So why is MTO moving forward like we are in a construction zone and has never even hit 60km/h?
Please note the following News releases:
Measured + Indicated 841,591 at 7.79 g/t
Let's start with Barry METANOR intersected 25.80 g/t Au over 5.6 m at Barry
A wide mineralized quartz vein occurring in this area returned 10.74 g/t
Au over 2.5m in channel samples and a total of 545 tons of this material was extracted as mill-feed to be sent to the Bachelor site. A second blast covering an area of 12m X 22m in mineralized zones immediately to the west totalled 2,400 tons of mill-feed material evaluated at 4.10 g/t FINAL RESULT > 1.0 G/T NON-ECONOMICAL Now Bachelor Remember the speed limit example?
METANOR INTERSECTS 13.4 g/T OVER 9.5 M AT BACHELOR
METANOR EXPANDS ITS «B» VEIN ABOVE LEVEL 10 BY INTERSECTING 22.75 g/T OVER 2.3 METERS AT BACHELOR.
Metanor Intersects 17.66 g/t Over 12.55 m at Bachelor
METANOR INTERSECTS 29.63 g/T OVER 4.42M, 14.79 g/T OVER 14.02M AND 19.19 g/T OVER 8.48M AT BACHELOR
Metanor TSX.V-MTO Excavates 10.7 g/t Over 33.5 m at Bachelor
NOW THAT'S BIG FISH STORY - NOT INTERSECTS BUT EXCAVATES - SOMEHOW THIS HOWEVER MADE IT TO THE BOTTOM LINE. The best grade to date is less than 7g/t or less than 60km/h. If you are expecting better in the future, good luck to you because at MTO two plus two equals 1.5.
