Post by
goldhappy on Jun 21, 2018 10:17am
Bachelor Mill is the key
Look at at the gold finds in and around the Urban Barry district. Many are high grade...very high grade.
Not one of them has began building a mill. Why?
Many reasons....capital cost up front.
Metanor owns one expanding mill. Is it worth several hundred million to build. Only those that build and are experts know the current price. It can takes years to build. Time is money in the mining business. Bachelor Mill is new and expanding. It produces gold bars now as I post.
I look at it this way...the mill is worth more than the gold in the ground. Ask Osisko. BTR and MTO are under similar ownership. Yes management are different. Both very good. This deal is not the money maker we all want. It's growing into the big got ilov educates us about. That little mill at 800 tpd is going to tripple in size likely before the end of 2018. It will pay bills with a suggest output by my estimate 150,000 oz per year. Yep more tonnage. Higher grades. Lots of growth. Open pits for cheap mining. BTR fits the bill in my eyes. High grade available on surface and depth.....with a mill kabooom