OTCPK:MEAOD - Post by User
Post by
herbaciouson Nov 15, 2011 8:59am
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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)