The Multiplier Effect, page-2

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11/02/19

12:51

Post #: 37397546
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Originally posted by Chestermemate: ↑

The "What's Next" of the quarterly report mentions the Multiplier Effect of rising
gold prices . The very last sentence of the report mentions Mergers and Acquisitions .
By mentioning the "Multiplier Effect " was that just a general statement or is it a possibility that the
potential at Aurora Tank has attracted someone's interest and Marmota is now on guard
for a possible approach. I spoke to a person with knowledge of JORC procedures
and asked them what would be the minimum resource be if a company planned a JORC.
They said no set resource but a minimum of 250,000 ounces would be the norm if the
minerals are worthy of a commercial venture. Not saying AT has that already but if
the potential is there than it is possible that Marmota may be looking for a Cash partner
soon that could bring the project forward . I doubt very much a cash raising by Marmota would be
a good option so I think that paragraph may have some relevance especially the last sentence.

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I wonder what we have at Aurora Tank?

This is what BRB (sp 0.38) has :

"Open pit gold Resource# (conservative 0.2g/t Au lowercut-off)
• High-grade miningoptions 1.1Moz (24.6Mt @ 1.4g/t Au) includes 0.8Moz @ 2.0g/t Au includes 0.5Moz@ 3.4g/t Au
• Shallow (790,000ozwithin 150m of surface) • Open in alldirections/still discovering new lodes after 193,000m of drilling
• Resourceupdate planned April/May 2019."

MEU Price at posting: 1.5¢ Sentiment: Buy Disclosure: Held
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Last 4.0¢		Change 0.000(0.00%)		Mkt cap ! $39.11M

Open	High	Low	Value	Volume
4.0¢	4.0¢	3.9¢	$11.68K	297.6K

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No.	Vol.	Price($)
1	16205	3.9¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
1	110000	0.016
5	2915670	0.015
5	2708824	0.014
3	1650000	0.013
1	100000	0.012

Price($)	Vol.	No.
0.017	1088249	2
0.018	3415762	1
0.020	431457	3
0.021	1000000	2
0.022	238414	1

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The Multiplier Effect, page-2

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