Metanor Resources MEAOD

When to produce gold?

[btrevorb]

It is not difficult to see that the best time to produce gold was the last three years, which was the inital  target of MTO.  Unfortunately management missed that target miserably and repeatedly,and have  lowered their sights to only 50000 oz for 2015.
At about $110 profit per oz ( all in cash cost of $1090 which I personally doubt as the financials do not support this number-closer to $1329) results in only $5 500 000 profit for the entire year excluding any loss of production or unforseen costs (COST FOR ADDITIONAL DRILLING ANYONE?  DRILLING THAT HAS REPORTED NO RESULTS FOR OVER $5 OOO OOO EXPENDITURES THUS FAR)
That's only a few pennies per share and is more than likely a loss if the gold price does not change quick smart.  I see no reason to believe that gold will go up as the US economy recovers and the US$ strengthens further.  Once Obama is out the keystone will be built and money will start to flow in both directions across the largest undefended boarder in the world (Including the Nation of Quebec, or should I say Nation of Aborigonal peoples? See supreme court of Canada ruling concerning B.C. land claims last month.