Metanor Resources MEAOD

RE:RE:RE:RE:Revised yearly production number of 45000 ounces

[Livetotrade]

Btrevorb

The reason I ask is the ten year chart is either going to break down or resume the uptrend likely over the next 3 months.  I think due diligence on the company is obviously critical however more important to nail the POG right now unless you are trading in and out of MTO which I assume you are from the posts.  The $1200 to $1400 trading range of the past year makes your range safe but IMO it will be $1000 to $1200 OR $1400 to $1600 in the last six months of this year.  

Im long MTO because my own model is $1400 to $1600 for POG and after a two year downtrend in gold price and MTO SP following along with all gold stocks down a reversal in trend should easily allow for a triple or quadruple form current price level.  

If we get a breakdown in gold prices the risk IMO is MTO could lose half its value again.

To summarize I expect based on the price of gold MTO can trade between .075 and .60 in the next 12 months.  That makes this a great risk/reward trade IMO and a great time to accumulate shares.  




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