Metanor Resources MEAOD

RE:Financials

[btrevorb]

Sorry got distracted.
Share Capital 106,916,029 minus the projected cost to complete of $39 million is -$67million.  I understand that not all of this share capital was for 43-101 compliant completion but $67 million is more than twice as much as the planned cost and market cap is only $42 million leaving a negative planned cost plus $25 million.  On the positive side of things that means the share price should be closer to 0.40 than current price.  Considering debit is increasing at $500 000 a month while producing 4000 - 4500oz a month we need more than 5000oz per month just to become cash neutral.  At current POG we only earn $250 per additional ounce minus the 20% sandstorm drag.  It takes a lot of $250 to get rid of $500 000 per month.  Without the debenture deficit its still $250 000 loss per month.  That's 1200 more oz. to break even.
Anybody see the numbers differently?  No cornballs please.