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Metanor Resources MEAOD

Metals & Mining Gold Industrial Metals & Minerals
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

Metanor Resources
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Comment by gahdcon Sep 13, 2011 2:06pm
238 Views
Post# 19037557

RE: RE: RE: Website finally

RE: RE: RE: Website finallyNew site is well worth reading. At Least read the Corporate Presentation section for good review
and some new information:

* 150 anomalies now (used to be 64) at Barry. (pg. 5)
* Barry compared to Malartic and Detour deposits with comment that Malartic required 1,000,000m drill program
   to define resource, while Barry is already well understood with just 50,000m drill program so far. (pg. 14)
* Some of the 150 Barry anomalies are larger than  the existing pit. (pg. 14) 
* Management will investigate the possibility of strategic partners for Barry. (pg.14)
* Investigate a potential acquisition of an advanced project near the Bachelor Lake Mine (within a 100 km radius-a
  potential of 1.5 M oz) (pg. 18)

I don't understand why they would want strategic partners at Barry, since the profits from Bachelor of about $5 mil a month would seem to make them able to finance expansion by themselves or with bank loans. Unless they need a partner's technology or production expertise?
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