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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 by User

Bullboard Posts
Post by joe_trouton Nov 26, 2010 4:24am
837 Views
Post# 17760727

An exceptional value

An exceptional valueThis stock has ten bagger written all over it. Just go ahead andmentally dilute the shares to 250M and tell yourself that this will beenough to start producing full steam ahead. This gives you a market capof about $115M at the current 0.45 a share.

Now you know they will easily have at least double the resources currentlyshowing on the books and potentially much more. This will give you aproducer of 60K ounces increasing up to 200K ounces of gold a year overtime with gold resources to back that production up for years.

I believe the market is exceptionally short sighted, impatient, mentally challenged, and underrepresented in the gold space. MTO is an exceptionalopportunity for those that don't have a problem with patience, vision,or mental issues. Sure management is not perfect, but I can see theminching ever closer to production while increasing their reserves, sothey aren't that bad. As for dilution? Deal with it. Banks don't handout easy money to gold Jr's and the lack of general market participantsensures a low price for now. You can always look at something negativeabout a company and talk yourself out of an exceptional investment. WillMTO be a ten bagger tomorrow? Of course not! 2-4 years from now? Very likely! I can wait for those kinds of returns. MTO will yield incredible returns over time, just not to those that need instant gratification.

I haven't even considered the gold price rising over those years mentioned above which it most certainly will in my book.
Bullboard Posts