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Metanor Resources MEAOD

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.


OTCPK:MEAOD - Post by User

Comment by btrevorbon Apr 17, 2015 4:33pm
156 Views
Post# 23642161

RE:Major step back for Metanor

RE:Major step back for MetanorThe real question is why are they not producing the 5000 oz they promised so long ago?
800 t/day * 7 g/t * 30 days  = 5250 oz
800 t/day * 6 g/t  * 31 days = 4650 oz

Technically they should easily be acheiving these targets.
The only reason they are not making money is that they are not producing enough gold.

WHY?
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