Metanor Resources MEAOD

RE: RE: RE: RE: RE: RE: Website finally

[gahdc]

If, say, a major had a 50% buy in and supplied all capital to turn the underground ounces – known and unknown – into valuable ounces, then this could increase shareholder value more than proceeding with an organic growth path.
Thanks for your more detailed analysis. I think I underestimate just how expensive it is for a full scale expansion of facilities at Barry. And so if that is the case then I would be comfortable with them taking a partner if it will speed production. Gold is high now and most think it will go higher, but nothing is a sure thing and gold prices can drop, so better to get increased production sooner rather than later.

Capital is a scarce resource
Just this week I bought some Golden Phoenix Minerals (GPXM) https://goldenphoenix.us after seeing a just released Zacks report. One feature about them that impressed me is that they seem to be well connected and able to obtain financing for purchase of near term (under two years) production properties (and then bring in a partner to take it to production). They are sourcing capital not just in Canada and US, but also in England, Germany and Switzerland. They have several lines of creadit already in place. They are in the process of going for a listing on a major exchange.

Their business model is a royalty mining growth strategy, with one 30% share mine already in production as of July. In the next two years they should have at least two or more of their properties up and producing. Much as I like Metanor, I decided not to wait to buy more in case the price does not decline, and so instead I put the extra money in GPXM.