Metanor Resources MEAOD

Secutor Capital Mgmt provides update on Metanor

[Freedland]

Source: https://sectornewswire.com/release052915mto.htm

Metanor Resources Inc. (TSX-V: MTO)(US Listing: MEAOF) (Frankfurt: M3R) is identified in a newly issued analysts report by Secutor Capital Management with compelling insight. Mentor is a commercial gold producer at its 100%-owned Bachelor Gold Mill in Quebec. Metanor has released financial results for the quarter ending March 31, 2015 (the Company’s Q3).

The Analyst report may be found at https://sectornewswire.com/Secutor-MTO-May-2015.pdf online.

The qualified analyst has identified Metanor Resources Inc. as a significant opportunity for astute investors that understand the latent opportunity this gold producer presents with a current market capitalization of ~$15 million. The analyst noted improving grades; with "average mill feed grades of 5.18 g/t, 4.57 g/t and 6 g/t gold in January, February and March respectively", further stating "Metanor anticipates gold grades to average +6 g/t on a go-forward basis." Assuming the production volume and cost structure remains the same (or better, and there is not indication it won't), this will translate to a sizeable drop in cash cost from the current US$849/oz gold, and further position Metanor's 100%-owned Bachelor Milll as a coveted asset with a replacement value several times the Company's current market cap.

The analyst also noted improvements from debt restructuring and debt servicing; extending its debenture maturity by over 2 years and reducing the outstanding balance from $10 million to $9 million and improved cash flow savings from debt servicing by saving ~$325,000/month with Investissement Quebec (by lowering its outlay from $466,000 plus interest to $161,000 plus interest per month), and that will be fully paid by the end of this August-2015 translating to yet another improvement to cash flow.