They are producing a 500oz bar each week, but they won't be ramping up in the near future. The mill is at 680tpd... it has a bit more capacity then that, but the recovery percentage drops if they go any higher. They have to expand the mill to do a higher volume and that's a 5 million dollar investment and about 6 months of work.

The real question here is what is MTO's all in cost per oz... I know they've tossed cash costs around from 375 to 500/oz, but I'd like to know what their all in cost is... when will they be profitable and have financial statements that show it? Once that happens maybe the stock will move a bit, but it's also going to take drill results and more oz in the ground. People on the boards are tossing around some wild numbers when it comes to the Barry deposit - but so far we don't have the evidence to prove it.

I'm thinking unless gold price changes drastically one way or the other MTO is stuck in the 35 cent to 45 cent range for a while. That'll take care of the rest of the 55 cent warrants at the end of Dec. Then hopefully news/drill results and mill expansion plans will move the stock up in Jan/Feb/Mar... if it's still under 80 cents by May 09 (which it probably will be unless as I mentioned gold jumps up to 900 plus again or drill results find the mother load) the 80 cent warrants will also expire bringing the fully diluted number of shares down around 92 million. With a little luck the mill will be upgraded to 1000tpd by fall of 09 and MTO will be able to take advantage of higher gold prices into winter of 09 and beyond.

Just some thoughts.