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Re: Jaynes19 post# 36

Monday, 06/25/2018 9:09:39 AM

Monday, June 25, 2018 9:09:39 AM

Post# of 40
I can't say I blame you for not paying attention. Meadow Bay has been dead in the water for a couple years since the drilling they did back in the winter of 2015.

From the conversations I've had with them, they plan to use this year to put out a PEA. The in-pit resource is the first step in the process but they need to conduct more metallurgy and resource modeling first. They also need to bring on a mining engineer and metallurgist.

If they start moving forward with this, expect a steady stream of news releases (the last technical news release was back in 2017). That will be the sign that they have woken up and are serious about moving the resource forward to production.

The cost to getting to a PEA is not all that much - less than a drilling program and with a MUCH better chance of adding value. Any production would likely be a couple years out but they have a big head start relative to other advance stage projects. The in-pit resource is on patented mining claims and they have a lot of the infrastructure already in place. And the project is in Nevada. Still the best jurisdiction in North America - good climate, sparse population (outside of LV and Reno) and the BLM has become less antagonistic under Trump.

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