MTO, Big Summer Ahead?

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As goldspinner has pointed out, the drill is spinning and MTO has the only commercial mill in the Windfall camp. Would not be surprising if these guys got taken out at some point.

 

I am keeping a watchful eye on their Barry project as 3 surface drills are currently targeting 3 high grade zones… on top of the bulk sample which is on pace to be completed by Q4 of 2018.

Great float, big fish shareholders and solid treasury = exciting times ahead.

Will be interesting to see how this summer goes.

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  • Edit

    Pressure on the area to consolidate will be to an even higher level in the next 2 weeks when Osisko OSK releases their updated resource...

    BTR will not be left out in the cold....could they warm up and bundle together with MTO?

    Is KL Kirkland Lake Gold going to have a say in the consolidation in the area.

    Will OSK merge quickly or will they stand out in the cold with their huge about to be announced updated resource WITHOUT a mill.

    MTO is the Ticket in my books....no gold bars without MTO and its MILL...

    The big institutional investors are talking #'s behind the scenes...

    Their agenda will begin to unfold for us to see shortly....

  • Edit

    Well, it would cost a fair amount for another player to permit and build a mill for starters...

    2) for where MTO is trading, it would be easier just to pay a x5-10 multiple as the stock is trading extremely cheap like the entire exploration space. Big sales out there right now.

  • Edit

    Agreed TimminsBoy62.  Osisko has with the NR stated for the 2nd time the possibility of building a mill at their "proposed site"  near  Lebel-sur-Quevillion 108 km away.   The combined resource would be closing in on 3.4 million ounces give or take (windfall alone alittle shy of 3 million)  and possibly shifting above 4 million later.  Important is all the planning, permits, time $$$$, and realizing the simplicity of the existing MILL which MTO has.  It is presently capable of 800tpd, can be upgraded to 1200tpd for $4 million...and is putting the feelers out for public consultation, the possibility of expanding it to 2400tpd...

    Did everyone take a look at the OSK updated estimate put out today?

    And the OSK new presentation on their website?

    Everything is still moving toward a consolidation of the area.

    BTR has made no bones about the fact it is setting itself up for consolidation.  And MTO is right there as well.  There is so much expansion going on that if you have not been following MTO, you will not think anything of it with its low share price.

    Again start adding the potential #'s here...use some imagination now after seeing OSK #'s...the new emerging district is staggering.  Friendly mining district, financing, GOLD, MILL, infrastructure....Capable and experienced Geologists...

    This is going to happen, no matter what any bashers on other boards, say...

    Later in the year MTO will complete its 50000t bulk sample underground at Barry.  MTO is presently concentrating drilling near and around the intersecting structures at Bachelor/Moroy...Gold...

    KL is strategically invested in both MTO and BTR...

     

  • Edit

    Tick Tock Tick Tock,  it is going to be one huge mining block....

    one that the separate entities,  OSK, BTR, MTO are already extensively drilling around the clock...

    Do not listen to any bashers talk...

    Consolidation will move the stock....

     

     

  • Edit

    OSk share price faltered 25% yesterday, with a small rebound regaining some of the losses today.  Inferred gold was too high in relation to indicated resources.  The grade  also came under expectations.  The number of m drilled to bump up 1.3 million ounces seemed a lot for some to swallow, being heavily in the inferred side.

    If OSK moves ahead with their proposed mill, there will be definitely time  and $$$$ with that direction.

    MTO on the other hand is well on its way.  Spending money wisely... Easily upgradeable MILL,  friendly neighbour (BTO) who is dreaming of a mill to use and a deal to be made.

    KL is strategically invested in MTO and BTR...

    I attended the slick BTR presentation yesterday at the IMIC  in Vancouver.  BTR is set up for consolidation with their updated resource toward end of this year...

  • Edit

    Middle and large tier gold producers are always  steps ahead in planning for consolidation.  They are looking ahead to add to their total resources as other mines are depleting.  Continued exploration at existing mines help mitigate this decrease in resources as they are extracting the ore...

    Even their consideration of gold price is on a moving forward basis.  Many deals are done behind the scenes without telegraphing the imminent merger, or acquisition deal...

    Tell tale signs may include change of management or directors, on either side of the deal...