"If they are low cost producers why doing a PP when they just produced a profitable 20,000 ounces, or at least 15,000 ounces? The thing is, they haven't said anything on actual cash or total costs for the ounces produced"

So why are they doing this ? Every gold stock today is up and MTO down 18%. If they just waited a bit more the stock was going to recover nicely to a $1 then they could dillute half the shares. Why the hurry ? Or are they so desperate to speed things up at bachelor lake ? They've worked hard the past 3 years to gain investors trust. It is very easy to lose the trust and very hard to gain it back. They seemed like competent businessmen to me. 24mil shares dillution they've dilluted 1/4 of their total float LOL. I'm pretty disappointed. I only hope they are not some kind of "LO LO wannabe crooks from Quebec" time will tell.