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Metanor Resources MEAOD

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

Bullboard Posts
Post by herbaciouson Nov 15, 2011 8:59am
463 Views
Post# 19237897

I STAND TO BE CORRECTED

I STAND TO BE CORRECTEDI wrote that Metanor still has 80 anomilies to explore!


I WAS WRONG!

THEY HAVE 150 ANOMILIES ON THER PROPERTY TO EXPLORE!

I CHALLANGE ANY OTHER COMPANY THAT IS SO RICH WITH SO MANY EXPLORATION TARGETS.

tHE POINT IS Metanor has a long life of exploration

and the fact that they are heading into production, which will give them a cash flow to continue exploration while they mine their existing gold.

some very important points to consider now going into 2012, the point is, one would  think that one would want to be involved with a company that has a future , both, for exploration (150 anomolies) and mining).

lets look at the mine potential

From 2013 into 2015 , the compny is expected to produce about 65,000 ounces, in 2014 and 52,000 in 2015.
what is evident is a ballpark perspective is that 65,000 ounces in 2014 and 52,000 ounces in 2015 relates to pretax cash flow totals of over $50 million and at the pretax level of 52 million ,just over $40 million
tax affecting these amounts they will obtain $34 million and $28 million respectively.

SO WHAT WE HAVE HERE IS AN ONGOING EXPLORATION PLAY IN HIGH TARGET AREAS, WITH 150 ANOMILIES TO EXPLORE!

AND A MINE IN DEVELOPMENT THAT WILL BRING IN A HANDSOME CASH FLOW!

ASK YOURSELF THE QUESTION?
WHERE WOULD YOU LIKE TO BE INVESTED IN FOR THE NEXT FEW YEARS?

i strongly suggest that you do your own due diligence

herb

(i own shares in Metanor Resources)
Bullboard Posts