I hear you. The stagnant 43 cent share price is depressing. I have a question...I am wondering if those of you out there can help me.
The mine, mill and lab work to decrease costs, while producing a revenue stream for exploration and operations, why must MTO continue to seek out additional loans and PPS? Especially given the increasing gold prices. Given it produces 40 k oz/year, we can mill 3000 oz a month. 3000 x 1000/oz= 3 million dollars a month. Is that not enough to sustain operations and NOT dilute ?
Also, because the new estimates only indicated and inferred less than a million ounces, are investors (currently holding and/or waiting to buy back in) disappointed? From the share price, it looks as if the Market is not please, but I wonder if it also is because of the PPS.
Thanks for the input fellow investors...
I have my eye on BIM.TO, as it is soon to explode. Doubled already, but future looks good. Any other tips for juniors and small soon to be producers?
Thanks in advance.