OTCPK:MEAOD - Post by User
Post by
art27on Nov 21, 2008 7:57am
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Post# 15601024
Selling at $0.35 ?
Selling at $0.35 ?Why would anyone sell Metanor at $0.35 is beyond my understanding. We are selling gold for $960 oz canadian and making roughly $320,000 canadian every week. Currently with over 1mil oz of gold reserves in the ground Metanor has enough mill feed for 15 years at 66,666 oz/year. So if they decided to mine 66,666 oz/year that would equal $38.6 mil cash flow per year at today's gold prices or $3.2mil/month. I believe fear has clouded people's rational thinking. I think Metanor will come up with at least 5mil oz of gold reserves. Barry alone could be 3mil or more. Currently we are valued like some little resource junior company not like a gold producer! If MTO proves more resources, gold stays where it is or moves higher, they increase output to 65k oz/year or more then I have my 3 year target price $5 to $8. And if by then SP stays at 30 cents then MTO should buy back its shares. Metanor is and will be a cash making machine. They've got some smart managers.
Art27