Metanor Resources MEAOD

Wow ... Really !

[u2bob]

So if the CEO was excited at $1700 Cad...what will he be like at $1800 + and yet we trade at below 9 cents Canadian for a producer WTF !...Anonymous trading needs to go !!!

Ghislain Morin, President and Chief Executive Officer of Metanor stated: "We feel that the metrics are optimal for a restart of operations at the Barry Pit. Our surface infrastructure is still operational, and the mining permit is still active. Combining this with the current low fuel prices and a gold value of $1,700 per ounce in Canadian dollars, we see restarting as an attractive option for the Company at this time."

So with numbers like this below its time to CHERRY PICK THE PIT...Build a war chest !

Looks like 10 year mine life at 35,000 ounces a year to me...

total in-pit resources of 347,350 ounces at 2.07 g/t ready for the taking. 

Ghislain Morin president and chief executive officer, declared: "This updated resource, namely with the in-pit resources, is a game changer for Metanor as it now demonstrates the important value of Barry for our company. We will immediately take all required steps to increase its value by bringing the mineralized material to our Bachelor mill and increasing capacity. With such positive numbers, Metanor is moving forward with the development of Barry with production targets of 30,000 to 35,000 ounces of gold per year in a near future.".

No matter what happens going forward we will have a target on our back now ....which I have believed for a long time ...just now it will be bigger with gold climbing and us drilling...we need to extract the most value out of this before we are taken out ...imho...Oh ! and those who still don't believe this stock is not being held back...well all I can say is .....

Good Luck
Bob

[PMInvestor08]

This post has been removed in accordance with Community Policy

[u2bob]

PM that is exactly what the anonymous shareholder of our shares would want too hear from MTO SHAREHOLDERS like you music to their ears ...but at these prices the music going to have to sound alot better to me....IMHO... Bob

[fruitvale3067]

If the latest Analyst update is correct, unfortuanetly, it looks like that won't happen until at least 8-12 months from now at the lastest before they can get operational at Barry. Bob the stock is not being held back, the problem is there are not enough buyers. 

[u2bob]

Hey Fruit believe what you want ...you said you wanted out ? Or do you because I haven't heard the screen door close yet...lol Say what you want ...about time lines with gold climbing the way it is this one is getting ready to be taken over...you can bet on that : ) Good luck in OGO POGO LAND with Entree... Bob

[tsoprano1]

Bob and PD, I thought you might find this interesting. It is from Teranga message board: "3). When a stock is being primed for a takeover/buyout by a competitor, there is an artificial lid put on the stock with the help of the MMs (which are acting as underwriters/advisors). The offer is eventually announced as a premium on the last 30 day average trading stock price. TGZ has been kept at

[u2bob]

Hi T ...Thanks for the post ...I have seen this played over and over with the stocks I invest in ...the only thing that has changed of late that can help shareholders in takeovers as of Mar 31st. is... The Canadian Securities Administrators (CSA) have released today draft rules on Canada’s new "just say slow" takeover bid regime. Under this new regime, the minimum period during which

[fruitvale3067]

Bob, if this is happening over and over with the stocks you invest in, then I would find some other investments. What's the differance between SSL, SLW, TAHO, TRQ  and then MTO. All of them are strong management, track record proven companies that are in high demand and it's showing. All of them are pushing forward on strong volume and when any drop in price occurs it's met