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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: Illogik who wrote (64806)	4/12/2009 4:17:41 PM
From: AlphaRomero	Read Replies (2) \| Respond to of 78408

...disagree...if they cut back on expenses (drilling, promotion to investors, buying drinks at investor conferences, etc) I think they could be cash flow positive. (No, I haven't looked at the numbers to back-up what I just said, but I know they're spending alot of cash on activities besides pouring dore bars) If you've got the time and interest, you may want to prove me wrong for your own piece of mind <g>. I've burned enough that any further research I do will not change my strategy.

To: Illogik who wrote (64806)	4/12/2009 4:30:41 PM
From: niceguy767	Respond to of 78408

"According to their last financial statements, they lost $2,9 millions on sales of gold worth $4,3 millions." Well they poured their first gold in October and one can draw a line from that $4 million/quarter in revenues to $20 million in quarter revenues in the Sept/10 quarter. It's difficult to tell which quarter that MTO will become profitable but, if I had to guess, I'd say June/09 when they post about $10 million in revenues. It is too early to determine why the recent PP was necessary, but you may be right, or perhaps they have just cause, unknown to public as yet, to want to speed up the mill and mine timetable.