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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 > MTO Risk vs Reward...
View:
Post by u2bob on Nov 19, 2016 1:05pm

MTO Risk vs Reward...

Why are insiders buying ... Sprott ...


As of 11:59pm ET November 17th, 2016
Filing
Date
Transaction
Date
Insider Name Ownership
Type
Securities Nature of transaction Volume or Value Price
Nov 16/16 Nov 15/16 Coffin, Tristram Direct Ownership Common Shares 10 - Acquisition in the public market 1,250,000 $0.055
Nov 13/16 Nov 11/16 Bryce, Robert Direct Ownership Common Shares 10 - Acquisition in the public market 50,000 $0.075
Nov 13/16 Nov 10/16 Bryce, Robert Direct Ownership Common Shares 10 - Acquisition in the public market 50,000 $0.080
Oct 27/16 Oct 26/16 Coffin, Tristram Direct Ownership Common Shares 10 - Acquisition in the public market 1,058,000 $0.075



Fund Owners Style

MTO

-- -- -- Lg
-- -- -- Md
-- 1 -- Sm
Value Blend Growth
Buying Trend
Selling Trend
Style # of Funds Shares Buy Sell Net % Chg
Large Value -- -- -- -- --
Large Blend -- -- -- -- --
Large Growth -- -- -- -- --
Mid Value -- -- -- -- --
Mid Blend -- -- -- -- --
Mid Growth -- -- -- -- --
Small Value -- -- -- -- --
Small Blend 1 12,000,000 1,000,000 -- --
Small Growth -- -- -- -- --
Total 1 12,000,000 1,000,000

Equity Ownership

MTO

Name Shares Change % Total
Shares Held
% Total
Assets
Date
Precious Capital AG 12,000,000 1,000,000 2.82 1.68 31/10/2016
Total: Top 1 institutions 12,000,000 1,000,000 2.82


Sector NewswireTM
Sector: Mining - Metals and Minerals :

News Release - November 18, 2016 4:32 PM ET

Gold Producer Metanor Intersects 13.1 g/t Au Over 3.8 m at Bachelor Mine and 4.25 g/t Au Over 16.7 m at Barry
  • The Company's total infrastructure is valued (estimated replacement value) at between CDN$150M to $200M. The Company's primary asset, the 100%-owned Bachelor Mill, has a replacement value of several times the Company's current market cap and is increasingly being viewed as a coveted strategic asset being the only mill within 200km in a gold-rich district. The Company has met its cash flow guarantee to Sandstorm and is now free to mill ore sourced from outside Bachelor without penalty.
NEW YORK, NY, November 18, 2016 /Sector Newswire/ - Metanor Resources Inc. (TSX-V: MTO) (US Listing: MEAOF) (Frankfurt: M3R) this week announced continued quality gold intercepts both at its Bachelor Gold Mine (located beneath the Company's mill) and at its Barry Gold Open Pit Deposit (see below for exceprt copy of related releases). This news falls on the heals of the Company filing its previously announced positive preliminary economic assessment study (PEA) on its 100%-owned Barry gold project, and also the Company announcing it intersected 70.9 g/t Au over 2.6 meters in the north-east section at Barry adjacent the Windfall property belonging to Osisko Mining.

The 70.9 g/t Au over 2.6 meters announcement (adjacent Osisko Mining) was a new discovery drill hole that intersected two gold bearing zones associated with sulphide (15%) in proximity to a regional fault. As per the drill holes, this dominant geological structure has a minimal length of 6 km, toward the Windfall property belonging to Osisko Mining. A segment of 3 km of this structure extends on the Barry property belonging entirely to Metanor Resources. A segment of 3 km of this structure extends on the Barry property belonging entirely to Metanor Resources. This new high-grade discovery dramatically enhances the attractiveness of Metanor to prospective suitors in an area under consolidation, as Metanor has quality grades adjacent Osisko and the only mill around.



Fig. 1 (above) Primary asset: 100%-owned Bachelor Gold Mill


Figure 2. (above) Location of new discovery adjacent Osisko

The drill results obtained thus far show high gold values and more assay results are pending. In addition, the drill campaign continues in the Moss Sector.
Hole No from (m) to (m) length (m)* grade Au (g/t) Zone
BE-16-09 248.4 250.6 2.2 9.2 Moss
BE-16-09 328.9 331.5 2.6 70.9
With a quality PEA in hand, Metanor's Barry project appears destined to become the first to achieve a gold production scenario amongst a handful of players (which also include Osisko Mining Inc.'s prolific Windfall Property, Bonterra Resources' Gladiator Deposit, Beaufield Resources' Macho claims, and Urbana) whose gold system collectively is part of a new mining camp in the Barry-Urban township of Quebec. Metanor's Barry PEA is highly favorable and enhances the attractiveness of the Company with an open-pit mine proposed and milling planned at the Company's 100%-owned Bachelor Gold Mill located only ~65 km NW (~116 km by road) from the Barry Mine. Open-pit production is pegged to begin in Summer-2017 and ramp-up expected to attain 37,573 ounces/annum for year two, Metanor will be cash flowing well at Barry with all-in production cost conservatively projected at only $1,114/oz (US $891/oz) -- the estimate was made using gold of only C$1,560 -- the financial analysis using higher gold prices of C$1,710 would generate a NPV at $78.07 million with an IRR of 246% before taxes. Spot gold is currently near C$1,750, and many believe substantially higher gold prices are in the cards. Under the base PEA we are looking possibly C$15M+ in positive cash flow per annum from Barry, C$23M+ at current gold prices. Important to note is that Metanor will pay no taxes for at least the first 2 - 3 years with its loss carry forward on the books, plus there is no streaming agreement on the Barry project.



Recent (November 16, 2016) news release from Metanor:

Metanor Intersects 13.1 g/t Au Over 3.8 m at Bachelor Mine

VAL-D'OR, QUEBEC--(Marketwired - November 16, 2016) - Metanor Resources Inc. ("Metanor") (TSX VENTURE:MTO) is pleased to provide this update on its underground drilling program at the Bachelor Mine.
Drilling continued during the months of October and November in the Hewfran sector below level 10. A longitudinal drawing shows the hole locations. The drill hole results are presented in the table below:

Hole number from (m) to (m) length (m)* Grade Au (g/t) Zone
E16-074 Tr 12-H-10
E16-081 50.3 51.7 1.4 1.3
E16-096 49.7 52.4 2.7 7.8
E16-097 67.7 70.5 2.8 10.0
8-170 95.4 99.2 3.84 2.6
8-175 109.5 114.7 5.21 5.9
8-177 95.9 97.2 1.25 14.2
8-179 110.9 111.5 0.58 8.5
8-180 114.4 115.5 1.16 5.3
10-094 73.8 76.3 2.5 15.1
10-095 50.0 50.6 0.6 11.6
10-096 76.3 77.3 1.0 9.7
10-097 64.3 68.1 3.8 13.1
10-098 88.7 90.0 1.3 3.4
10-099 76.1 78.9 2.8 12.5
10-100 68.8 70.7 1.9 5.0
10-101 85.2 88.3 3.0 14.1
10-102 61.3 63.7 2.4 1.9
10-103 54.5 57.2 2.7 19.8
10-104 52.4 55.0 2.6 7.3
10-105 46.7 51.2 4.5 8.2
10-106 61.0 63.0 2.1 8.2
10-107 66.2 68.7 2.4 5.5
10-108 51.8 54.1 2.2 11.9
10-109 53.2 53.8 0.6 3.0
10-110 61.7 63.7 2.0 4.7
10-111 59.7 61.5 1.8 6.6
10-112 86.0 87.2 1.2 6.9
10-114 50.5 51.6 1.0 2.7
(*) Core length
The development of a drift on level 12 to access this sector is already underway. In addition, an exploration drift on level 14 is almost completed and will enable the drilling of the extension of this sector below level 12. The diamond drilling below level 12 should begin within the next two weeks.

...click here for full copy from source

----- ------ ------ ------ ------ ------


Recent (November 15, 2016) news release from Metanor:

Metanor Intersects 4.25 g/t Au Over 16.7 Meters at Barry

VAL-D'OR, QUEBEC--(Marketwired - November 15, 2016) - Metanor Resources Inc. ("Metanor") (TSX VENTURE:MTO) is pleased to announce preliminary results from its 10,000 meter drilling campaign currently underway at the Barry project near the old pits. This drill program, targeting the area covered by the mining lease, aims to delineate the extensions to the west, south-west, and to validate the geometry of the mineralized materials north of the regional shear Urban-Barry. Results from 13 new drill holes are reported in this press release.
The holes 16, 19, 20, 21, and 22 were drilled north of the existing pits. The holes 17 and 18 were drilled to west of the pits, and the holes 23 to 28 were drilled to the south-west of the pits. See attached diagram.
Highlights:
  • 4.14 g/t over 3.6 meters in MB-16-17,
  • 4.25 g/t over 16.7 meters in MB-16-24 including 11.89 g/t over 4.8 meters,
  • 1.30 g/t over 15.45 meters in MB-16-26 including 2.18 g/t over 6.85 meters,
  • 2.33 g/t over 16.8 meters in MB-16-27 including 3.58 g/t over 8 meters,
  • 2.27 g/t over 16.6 meters in MB-16-28 including 3.67 g/t over 5.5 meters.
The table of the drill holes coordinates is the following:
Drill hole UTM - East UTM - North UTM - Elevation Azimuth Dip Length
MB-16-16 443603.38 5426450.19 408.98 330.0 -45 63.0
MB-16-17 443430.39 5426342.89 407.40 330.0 -45 138.9
MB-16-18 443408.11 5426299.84 405.71 330.9 -44.7 102.0
MB-16-19 443544.53 5426449.90 409.30 330.0 -50 123.0
MB-16-20 443507.57 5426510.67 408.54 330.0 -45 75.0
MB-16-21 443469.91 5426481.57 411.26 330.0 -45 87.0
MB-16-22 443488.00 5426452.00 412.00 330.0 -45 81.0
MB-16-23 443583.10 5426090.22 400.47 330.0 -45 126.0
MB-16-24 443517.09 5426100.34 401.79 330.0 -45 255.0
MB-16-25 443517.09 5426100.34 401.79 330.0 -80 123.0
MB-16-26 443459.27 5426099.45 402.77 330.0 -45 66.0
MB-16-27 443388.47 5426019.83 401.57 330.0 -45 243.0
MB-16-28 443443.00 5426028.00 401.00 330.0 -65 264.0
The holes 16, 19, 20, 21, and 22 that were drilled to the north tend to demonstrate that the mineralization may not be oriented the same way north of the pits. Hole 20 did not intersect the gold intersected by hole 19. The holes 16, 21, and 22 did not intersect significant values. Additional holes in a different direction should be drilled to validate this possibility.
The holes 17 and 18 drilled to the West intersected interesting mineralization near surface in relation to the presence of a porphyry intrusive below another porphyry. This sector is open to the West and at depth.
The holes 23 to 28 located south-West from the pits intersected the mineralization on the contact of the intrusive. Only hole 25 did not intersect mineralization because it was too shallow, and it should be extended eventually. These new holes confirm the extension of a zone at least 250 meters along strike by 200 meters along dip direction. The zone is open in all direction.
Drill results:
Drill hole From To Length Au
(m) (m) (m) g/t
MB-16-17 24.00 27.60 3.60 4.14
MB-16-17 34.00 36.30 2.30 2.07
MB-16-17 82.00 83.50 1.50 1.60
MB-16-17 131.00 133.00 2.00 2.50
MB-16-18 93.40 97.90 4.50 0.69
MB-16-19 26.80 29.70 2.90 1.15
MB-16-19 70.70 72.00 1.30 1.31
MB-16-19 108.60 110.60 2.00 1.91
MB-16-23 80.20 83.40 3.20 1.22
MB-16-24 61.20 64.60 3.40 0.81
MB-16-24 187.00 203.70 16.70 4.25
including 191.20 196.00 4.80 11.89
MB-16-26 36.15 53.20 15.45 1.30
including 36.15 43.00 6.85 2.18
MB-16-27 101.70 126.00 16.80 2.33
including 118.00 126.00 8.00 3.58
MB-16-28 89.40 92.50 3.10 1.01
MB-16-28 118.50 136.50 16.60 2.27
including 122.10 127.60 5.50 3.67
MB-16-28 158.00 162.80 4.80 3.38
*Core length (true thickness at 90%), assay uncut
A map of Barry Gold Deposit is available at the following link: https://media3.marketwire.com/docs/542_e.pdf

...click here for full copy from source

----- ------ ------ ------ ------ ------


Recent (November 3, 2016) news release from Metanor:

Metanor files PEA on the Barry project

VAL-D'OR, QUEBEC--(Marketwired - November 3, 2016) - Metanor Resources Inc. ("Metanor") (TSX VENTURE:MTO) is pleased to announce it has filed the « NI 43-101 Technical Report Preliminary Economic Assessment (PEA), Barry Gold Project, Qubec, Canada » in support of the press release published September 22nd 2016.
The preliminary economic study ("PEA") completed by Geoservices Inc. GoldMinds, onthe Barry gold project (Mining Lease number BM 886) located 100 km east of Lebel-sur-Quvillon and 115 km south of the Bachelor Mine in Quebec, establishes the following (CAD dollars):
  • Net present value (NPV) before taxes (at 6%) of 53.5 M$;
  • Internal rate of return (IRR) before taxes of 198%;
  • NPV after taxes (at 6%) of 25.9 M$;
  • IRR after taxes of 94%;
  • Capital startup of 8.5 M$;
  • Payback of 0.71 years with a gold price of $1,560 / oz;
  • All-in production cost of 1,114$ / oz (US $891 / oz);
  • For the life of the mine, a production of 193,457 ounces of gold over 9 years;
  • An average of 21,495 ounces of gold production with up to 37,573 ounces in year 2;
  • Milling of 1,200 tonnes per day at the Bachelor plant, with an average grade of 1.75 g/t diluted for the life of the mine including the first 3 years at 2.61 g/t with a metallurgical recovery of 95%;
  • Strip ratio of 2.17 to 1.
The additional details are available in the technical report as well as in the September 22nd press release.
(*) Cautionary statement NI 43-101: The PEA is preliminary in nature and includes inferred resources that are considered speculative geologically to have economic considerations that would categorize them into mineral reserves. There is no certainty that the conclusions of the PEA will be realized.
Comment by tsoprano1 on Nov 20, 2016 12:47pm
Bob, my question would be who is selling? If insiders are buying and the stock is going down, it makes me wonder what do they know. Plus, unless the insider buying rules are different up north, how could a buyout or JV be in the cards if they are buying. Would be illegal. So that tells me that neither could be close unless these guys want insider trading violations on their record. While I ...more  
Comment by u2bob on Nov 20, 2016 1:17pm
Hi T ...lets just say you should be able to get rid of the rest of your shares...insider trading I`m fine with whats happening...what I don`t like is everytime a run up happens as soon as it slows down a little the iceberg happens to show up in the form of cross trades and then share price is lowered with little effort ...anonymous trading and volume looks like some one is picking up shares...this ...more  
Comment by HamandEgger on Nov 20, 2016 6:45pm
Is there a city sitting on top of this gold like there was on osisko gold? And if so does this city have to be moved just like osisko had to do?
Comment by fruitvale3067 on Nov 20, 2016 8:39pm
Bob wrote: what I don't like is everytime a run up happens as soon as it slows down a little the iceberg happens to show up in the form of cross trades and then the share price is lowered with little effort... anomymous trading and volume looks like someone is picking up shares.https://stockcharts.com/h-sc/ui Really!!!!!
Comment by fruitvale3067 on Nov 20, 2016 8:42pm
https://stockcharts.com/h-sc/ui?s=MTO.V Really?
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