OTCPK:MEAOD - Post by User
Comment by
JRaffleson Jul 25, 2011 3:50pm
351 Views
Post# 18870277
RE: One Man's Opinion
RE: One Man's Opinion
When reviewing this piece, the following would be relevant:-
1. The price of gold was less than $900 in May 2009, when the article was published.
2. The cash costs in the 2011 feasibility study are still in the same ball park as 2009.
3. The issued shares in Metanor would probably have been about 100m, compared to 200m today.
4. Metanor would have needed capital to drill the shaft in 2009, but does not now.
In the round therefore, the points made in the report are still of value in assessing Metanor's prospects.