Metanor Resources MEAOD

MTO will be just fine going forward...

[u2bob]

I would bet the reason the NSR was done is because of the amount of gold
that is still below Bachelor and area...it was a win win for both parties and lets 
SSL be part of something bigger as the area play grows...not just a 1.15 flip like 
some here think...if you look at what the money boys did wihn Kirkland Lake now
paying a dividend ...there not about to give away MTO for nothing cash in hand
mill in hand and potential takeover targets in site ...thats how the big boys make
money...bash/pump will not change how these big guys go about there buisness only
retailers will scare...remember this is Canada not Colombia...lol...

Metanor poised for profitability

 

 

 

 

 

 

 

Patrick Rodrigue [e-mail] 
Posted on October 23, 2017

 

    

 

 

 

 

 

 

Metanor has undertaken a compilation of historical data available for all properties surrounding the Bachelor Mine to identify targets for future exploration work.

© Metanor Resources

If the trend continues, Metanor Resources should soon return to profitability.

Publicity 

 

 

For its fiscal year 2016-2017, which ended June 30, the Val-d'Or mining company reported a net loss of $ 404,245, 18 times lower than the net loss of $ 7,319,624 recorded one year earlier.This significant improvement comes in particular from the sale of 36,620 ounces of gold. This represents an increase of 8% from the 33,890 ounces of ounces sold in 2015-2016. These transactions resulted in net revenues of $ 56,292,643 compared to $ 48,313,864 a year earlier.

Gold production, mainly from the Desmaraisville Bachelor Mine, totaled 34,853 ounces, a 4% jump from the 2015/2016 production of 33,450 ounces. The grade improved slightly from 4.6 to 4.7 grams of gold per tonne of ore. As for production costs, they were reduced by 16%, from $ 1212 to $ 1021 per ounce.

Marked increase in exploration

Metanor also spent $ 5,590,125 on exploration work during its last fiscal year. This corresponds to a 38% increase over the $ 4,051,739 invested in 2015-2016.

A total of 17,815 meters were drilled on the Barry property, particularly near the pits. Gold grades ranged from 1.5 to 14.8 g / T. "The potential for underground mining of new gold lenses remains excellent," the company said. The next phase of exploration will consist of definition drilling. "

In addition to drilling on the Moroy property, Metanor also undertook a compilation of historical data available for all the properties comprising the Bachelor block. The goal is to identify areas for future exploration

[BASTILLEDAY4U]

Yes Bob, that was a nice profit and things do appear to be going as planned. Too bad you and the other shareholders got stiffed in the expense column for professional fee's and other stuff like travel and entertainment. And that six digit loss, I think they attribute that to you, the shareholder. And to think you were nice enough to help pay for this little money maker and yet never complain

[u2bob]

Lol...then I guess there is no reason for you to post here anymore. .. and you can move onto your money making stock ....good luck!

[heystupid]

This post has been removed in accordance with Community Policy

[u2bob]

Lol...yup they are here only for entertainment. ..with all the fun things people could be doing ...they expect you to believe this...lol...MTO ...will be just fine as a Mid Tier producer and these guys will still be here for entertainment. ...lol... Have a great day ... Bob

[tsoprano1]

BD4u, the PP investors are not fools. On the contrary, they have mastered this investment form. They short at higher prices, then invest in the PP and wait for a fluff piece to be written where they can shed the rest of the stock at a small profit or break even. Of course, the neat part is that they get to keep the warrant, just in case gold is found. Now this has been going on for probably a

[palfryville]

Tony, if you have been following this stuff for 8 years as you say, then I give you my compassion, because the "market myths" you continue to recycle (even agreeing that Sprott is not really like that) suggest to me that either you have not learned much in 8 years, or, you are trying to confuse others.....

[heystupid]

This post has been removed in accordance with Community Policy

[palfryville]

Hey smartie, I agree with your take on MTO at present, with so many aligning pieces it is compelling I think.  Add to that the group (pys, fru, tony, that guy who posts continuously to bury other's posts oh and of couse our favorite gal brandy) who are meticulous in their timing and their posting STRATEGY regarding poor little hopeless MTO.  It certainly has heightened my interest in

[fruitvale3067]

Ubob, I noticed the article avoided and talk of the quarterly results. WHy is that? After all the quarterly numbers are a lot more reflective of what going on currently as opposed to over a years period of time. As for looking at historical data for further drilling well that could be looked at in a couple different ways. One, they want to have multiple properties mining at the same time. Or