Metanor Resources MEAOD

SSL Offering

[taylor1988]

Is what turned this play around. Despite no real analysts recommending MTO we have Jay Taylor as well as Sandstorm on board which is as good as an analyst in my opinion. SSL only participates in placements with those projects with the least risk and best reward being a pure gold streaming company. The fact that they provide the capital and receive gold in return removes the risk from the investment so if they have their pick of any junior development company and have chosen MTO as one of their 6 to finance, it speaks very well for the potential of Metanor. Still yet to find a company trading at a better cash flow multiple for next year... Metanor on a fully diluted basis is worth $90 M dollars or $60 M after cash in the bank and will have gold production of 45,000 ounces for next year. 48,000 ozs of gold production at $465 cash costs will yield $60 M dollars after tax based on $1,800 / oz gold prices. If the gold price goes higher from these levels you can increase those cash flows by $4 M for every $100 / oz on the price of gold. The fact that investors are getting the Barry Deposit which could be another very large low grade bulk tonnage deposit in the making only sweetens the deal. Be right and sit tight, very few companies trade for 1 X next year's cash flow in a mining jurisdiction like Quebec.