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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 fruitvale3067on Aug 28, 2018 10:19am
60 Views
Post# 28528854

RE:Good god , blatantly obvious .

RE:Good god , blatantly obvious .Iluv, what did I say that wasn't true both in both the SSL posts or the MTO posts. Did the Diavik mine open the A-21 kimberpipe? Yes. 

Has MTO had an issue with consistantly oprating at a profit? Yes

Will the price of gold where it's at going to effect the metrics of the bulk samples of Moroy and Barry? You bet. Thats why bulk samples are being collected, to see what the company can actually mine it for $$$ wise. It's actually a prudent step by management. The results of the bulk samples will determine the companies next course of action. Do you actually think they are going to expand the mill and ramp up to 100K ounces only to show a loss. Nothing like depleting your resource and not making money (sound familar?) 

I said it once and and I'll say it again. Until the results of the bulk sample are completed and you actually see them actually expanding the mill all this the 100K ounces talk is just that.

Here's a though how about running the mill to it's current capacity first and actually make enough profit to fund the mill expansion without barrowing or doing PP's. That would be a nice first step. It shows investors you can actually operate on your own without outside help. 

  

 
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