OTCPK:MEAOD - Post by User
Post by
Micanushion Apr 04, 2013 6:21pm
389 Views
Post# 21212997
spoke with Ron Perry today.
spoke with Ron Perry today. Hi all.
I emailed RP again today and he replied and called me back on the phone. We spent over 45 minutes chatting about Metanor and boy he can talk. Very nice man. Told me he has a lot invested in MTO and has an average price of about 0.70 cents per share. He told me they sold a lot of gold in March but didn't have final numbers for the month yet. Also they are planning on drilling more, and expects the amount of ounces at Bachelor Lake to go from 300,000 ounces to easily 700,000 ounces but on his guess could hit 1,000,000 ounces at BL. Also told me that MTO is huge company with over 220 employees and that is big for them. MTO was actually cash positive in March 2013. They actually could declare production stattus now but don't because the timing is not right. RP said the state of gold is low at the moment but expects the price to rebound over $1,800 an ounce and expects MTO to follow in SP. Also stated that everyone at MTO never expected the SP to go below 0.25 and are still suprised about this, and the market is the market, you have to be patient.
Wow he talked so fast hard to rememeber all.