Metanor Resources MEAOD

Metals & Mining Gold Industrial Metals & Minerals

Metanor Resources Inc is engaged in the production and sale of gold as well as acquisition, exploration, and development of mining properties. It projects include the Moroy Project and Barry project among others.

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Metanor Resources

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Comment by Micanushion Oct 06, 2012 7:40am

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Post# 20456024

RE: RE: Pascal Hamelin's speech

Ultimately, in 2010 and 2011, mining was able to complete its feasibility study, financing and sampling. From June 2012, the mine was found in production. The real commercial production should hcommencer in March 2013. A total of $ 105 million has been invested so far and jautre $ 25M should be by the end of the year.

The life of the mine is estimated at five years. Mr. Hamelin admit that time is short. "It gives a lot of time to find new resources, he admitted. That's why we have two rigs in action since 2011 who are there to increase the resource. "An update to this level should be announced by the end of 2012.
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