OTCPK:MEAOD - Post by User
Comment by
JRaffleson Mar 01, 2011 10:50am
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Post# 18211695
RE: RE: There's only one thing that will ever
RE: RE: There's only one thing that will ever
none of us understand the resource here?
That is the easy part - most understand the positive metal resource at MTO - but when that is combined with the negative director resource, the answer is in the SP.
- The total Metanor resources in all NI 43-101 categories is about 1.6m ounces.
- The total Metanor capitalisation is ~ $33 ounce of gold resources in the ground.
- Not too many weeks ago, the gold price was about $1385 (about $33 less than today's price)
If the market valued Metanor at $33 an ounce when gold was $1385 and the same price when gold is $33 higher at $1418......... Does that value the director resource at Minus $...... per ounce?
How to solve this conundrum, when directors do not recognise that they are the problem, not the solution?