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Bullboard - Stock Discussion Forum 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 Discussion

Metanor Resources > ANALysis
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Post by btrevorb on Apr 09, 2015 12:22pm

ANALysis

Due to continued lack of quality control, lackluster management oversight and general incompetence MTO has revised assay results from their own on site lab, a practice avoided by serious miners so as to avoid the enevitable (see NR) conflict of interest that may arise.  
Once again the crafty crew that creates news release fails to mention that the grade has been revised down and parameters of core modified to relect an entirely different profile than previously released.  The QC department must be very proud of themselves.  After incomprehensible delays prior to finally releasing results noone took the time to verify the results thus releasing incorrect information that may bring further scrutiny of the company at this critical time.  Bravo good show, pip pip and all that.
IMHO

Comment by Smiles4848 on Apr 09, 2015 12:57pm
Holes 154 and 160 have a much higher lenght than previously reported, a bit smaller grade in 160, but the 15 meter lenght more than compensates...  Those are actually better results.
Comment by btrevorb on Apr 09, 2015 2:18pm
No doubt the total quantity has been increased; however mining underground is not free. 8.64 g/t is above expected grade and 6.14 g/t is below.  Consider cost per tonne and you start to see a very different picture. MTO has been unable to get anywhere near expected grade and thus far has failed to profit in the 6 g/t range.  Projecting that they continue to acheive 70% of expected this ...more  
Comment by Smiles4848 on Apr 09, 2015 3:53pm
Hopefully 07 is done, we don,t want to see another half a million appear on the ask like he did yesterday towards the end.  Encouraging to see 01 on the buy side.  Insiders often hide under 01, don,t know why, but...
Comment by LiTeOn1981 on Apr 09, 2015 4:25pm
This post has been removed in accordance with Community Policy
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