Metanor Resources MEAOD

RE: RE: RE: RE: Share Structure

[gahdc]

Well I am merely repeating someone else's comments about the warrents. I think their point is that these are institutions who need large positions when they invest and if they all tried to purchase 7.5 mil shs on the market  it would push the price up rapidly to the warrent price. Perhaps they will do both, slowly buy on the open market hoping to accumulate large positions without pushing the price up and then use their warrents if the price rises into Dec 12 expiration date. I have a very large position at average of 41 so I am happy to sit back and watch the progress we make towards full production in June. I am expecting at least a double in our reserves to at least 3.2 mil ounces from the current drill programs (there will probably be even more new drilling next year) and a conservative $2000 price target on gold going into next year. Management is already looking at plans to increase production past 60000 onces next year, so that is another pluse, since they have the excess mill capacity already in place. So yes, I agree, this stock is about as risk free as anything can ever be in the market. IMHO.