Metanor Resources MEAOD

RE: RE: RE: i don't know about screw up

[boreps]

Guys, you working hard trying to convince me that the Metanor is the best play around.  Unfortunately, so far it remains to be seen taking in account the past performance.
I have plenty of shares and i would gladly take a deal Sandstorm offered  which is:

Sandstorm has agreed to purchase 20% of the life of mine gold producedfrom Bachelor Lake Gold Mine located in Quebec, Canada for US$20 millionplus ongoing per ounce payments equal to the lesser of US$500 (the 'PerOunce Payments') and at the then prevailing market price per ounce ofgold.  Sandstorm will be making staged payments to Metanor as follows:(i) US$5 million upon signing of the agreement, (ii) US$9 million, onceMetanor has achieved certain funding conditions, expected to becompleted in the first half of 2011, and (iii) US$6 million, onSeptember 1, 2011.  Metanor has provided a guarantee that Sandstorm willreceive a minimum of US$20 million in pre-tax cash flow over the nextsix years.

So if the production is 60000 Oz./year and Sandstorm share is 12000 Oz, at today prices of gold they will make  12000 Oz. x 1300 dollars( 1800 - 500) = 15,6 mln dol. and continue to do so if the  POG stands (best case).
If Metanor does not go to production Sandstorm will get back their money after 6 years (worst case).
To me this is called win-win for Sandstorm.

Salut.