Metanor Resources MEAOD

RE:New Mining Journal review of Metanor Resources

[btrevorb]

Ineresting article, MTO has started lowering guidance through a paid newsletter instead of releasing as offical NR.
Adding more exaggerated "Bluesky" because it is not an official document. 
Straight from Ron's copy to the Paid Newsletter where fiction is printed as fact.

From MTO April 13 NR:
For the coming quarter ending June 30th, Management expects higher feed grades as production will come from stopes with grades higher than those encountered in the last 6 months. 
And now (as predicted)
possibly 10,500 to 11,000 oz for this next quarter,

6 g/t * 700 tpd * 90 days = 12,154 so why such a low number for coming quarter?  They said the stope problem was corrected last quarter.  Are they undershooting their own revised numbers again?
The numbers according to the oft quoted 43-101 should be 7.3 g/t * 800tpd * 90, management has restated this many times leading investors to believe it for many years now, obviously management is not capable of meeting their own projections once again.  At this point one must question if these figures were ever realistic or if they were always "bluesky" exaggerations.
I might also remind readers that Ron said that MTO miners will bury the mill with ore, that doesn't appear to be happening, they can't even reach capacity after ramping up for two years.  Why all the chatter about other peoples ore when they should have more than enough of their own to mill?  As a matter fo fact there should be a stockpile built up waiting to be feed to the mill as any professional operation would have.

NEXT
Bachelor is a rich underground mine with grades upwards of 26 g/t gold with an average grade of 7.38 g/t gold (fully diluted using long hole). Recent drilling results (e.g. March 20, 2015 "Metanor Intersects 8.64 g/T Over 5.8 Meters at Bachelor Mine", and May 14, 2015 "Metanor Intersects 12.24 g/T Over 4 Meters in the Hewfran Sector of the Bachelor Mine") continue to demonstrate, in-part, Metanor's ability to readily extend the mineable life of Bachelor

The grade recovered has never reached 7.0 g/t before MTO could "extend the mineable life", they would have to restate per actual, that is why they are not compiling a new 43-101 and just "adding as they go."  This devalues the asset considerably for possible M&A and take over candidates.
Any educated investor can see that this is contrary to good practice and their own previously stated intentions, one can speculate that MTO will not have a positive resource increase in a new 43-101 so they hide behind retoric.

But don't take my word for it, read the propoganda; watch what management does, then decide for yourself, there is so much spin that I have become more than dizzy, I want to puke.